Prime Minister Aziz Akhannouch hosted, Thursday in Rabat, the signing ceremony of a strategic investment agreement between the Moroccan government and the Chinese-European group Gotion High tech Co, a leader in the field of electric vehicles.
This agreement will establish a «Gigafactory» with an integrated system to produce batteries for electric vehicles in the city of Kenitra. The plant will be the first of its kind in East and North Africa and will strengthen Morocco’s leadership in the automotive industry and energy transition, says the department of the Head of Government in a press release.
To create this large-scale industrial unit, the Kingdom put its trust in Gotion High Tech, a leader in the electric battery sector, in which the German Volkswagen Group is a major shareholder.
Gotion High Tech will develop an integrated project to produce batteries for electric vehicles with a capacity of up to 20 GWh at an investment cost of 12.8 billion dirhams. The project is expected to create 17,000 direct and indirect jobs, including 2,300 high-skilled jobs.
After the first phase of this investment, the group plans to eventually develop a capacity of 100 GWh for a total investment of 65 billion dirhams.
The electric batteries Gigafactory, to start operations in June 2026, will consolidate Morocco’s position as a future hub for electric mobility.