Tuesday, April 2, 2024

Chinese Company to Locate EV Battery Factory in Morocco

 The Global Business Council posted on 30 March 2024 an article titled "Chinese EV Battery Makers Turn to Morocco."

Chinese EV battery maker, Jiangsu BTR New Material Group, has been granted approval by the Moroccan government to establish a battery factory for electric vehicles in Tanger.  The $300 million investment looks to sell the batteries to the nearby European market and take advantage of Morocco's free trade agreement with the United States to access the North American market.