According to a report done by Reuters, the government of Morocco has confirmed that the new Gotion EV Battery Gigafactory European factory is planned to be set up in the region at an estimated cost of $1.3 billion which is equivalent to 12.8 billion Moroccan dirhams. As revealed by a press release by the prime minister of Morocco, stated that Gotion has signed an investment deal with the government of Morocco to set up the gigafactory.
Capacity of the Gotion EV Battery Gigafactory
This upcoming Gotion EV Battery Gigafactory is expected to run with an initial capacity of 20GWh. Additionally, the prime minister’s office also stated that the incoming plant of Gotion in Morocco could also undergo expansion to 100GWh yearly battery capacity, equating to a total investment of approximately $6.5 billion.
As a result of its closeness to the prominent European automotive markets and the free trade agreements with the European Union (EU) and the United States, Morocco is hastily turning into a hub for EV technology manufacturing. As for now, Gotion is the latest big name to become a part of the fold.
The Chinese battery manufacturers such as BTR New Material Group, CNGR Advanced Material, Hailiang, and also Shinzoom have all made announcements indicating plans for factory footprints in Morocco, which currently stands as the home to productive plants for Stellantis and Renault. Due to this, the automotive sector emerged as the top industrial export for Morocco i.e. at $14 billion in the year 2023, increased by 27% year over year.
About Gotion
Gotion High-Tech Co., Ltd is a China-based company that has specialized in battery R&D and also energy solutions. With back-up from well-known OEMs such as which is its biggest shareholder, Gotion has started the expansion of battery production to other newer territories all over the world. This is inclusive of Vietnam through a joint venture with VinEs, which is the energy branch of VinFast.
In the month September 2023, Gotion rolled a battery off an assembly line in the university town of Göttingen, Germany – its first product assembled in Europe. Around that same time, Gotion High-Tech made an announcement that it had also bought a 25% stake in the Slovak EV battery startup InoBat – the first investment in a European startup by any Chinese battery maker.
At that time, Gotion mentioned that it would provide InoBat with raw materials plus share its R&D, cell production, and battery recycling knowledge to help expedite the former’s technology into mass production. Furthermore, the two companies announced a potential joint venture to expand EV battery production in Europe with a new 20 GWh plant to support local automakers.
We just didn’t know where it would be located at. Seven months later, the local government has revealed where Gotion High-Tech’s first European battery factory will be erected – Morocco.
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