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MoU inked to develop $6.4bn battery manufacturing complex in Morocco

A memorandum of understanding (MoU) between Hefei-based Gotion High-Tech and Moroccan officials has been inked. The MoU opens the door for the Chinese electromotive group to invest US $6.4bn into the development of a battery manufacturing complex in the country.

According to a report, Gotion High-Tech specialises in energy storage products and has operations in China, Singapore, Germany, and California. It last year achieved 122% revenue growth to reach $3.2bn and said it intends to enter Africa with a gigafactory in Rabat, with an annual production capacity of 100GWh, creating around 25,000 jobs.

Link: https://meconstructionnews.com/57395/mou-inked-to-develop-6-4bn-battery-manufacturing-complex-in-morocco

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