Morocco and Gotion High-Tech to Build Africa’s First Gigafactory

Morocco and Gotion High-Tech to Build Africa’s First Gigafactory

Car Factory in Morocco. Image for illustration purposes only.

Rabat, Morocco – The Moroccan government and the Sino-European group Gotion High-Tech have officially penned a memorandum of understanding to construct Africa’s first-ever gigafactory. The facility, dedicated to the production of batteries for electric vehicles (EV) and energy storage systems, is set to be established in the Rabat-Salé-Kénitra region, marking a groundbreaking development in Africa’s EV industry.

Projected to reach an annual capacity of 100 GWh, the facility stands as a significant milestone in Morocco’s push for sustainable development and green technology. This collaboration brings with it not only technological advancements but also enormous economic benefits.

According to the memorandum, this ambitious project is set to create 30,000 jobs over the next decade, offering a substantial boost to the region’s economy and job market. The investment required to bring this vision to life is estimated to be around 65 billion Dirhams (appr. $7 billion USD) by 2030.

The partnership with Gotion High-Tech aims at exporting EV batteries, thus strengthening Morocco’s position as the industrial and innovative automotive hub in Africa.

It will be also a monumental step in Morocco’s goal to produce one million vehicles annually, with 90% of these aimed at global markets.

The gigafactory, being the first of its kind in Africa, is a substantial leap towards positioning Morocco at the forefront of the global EV industry.

It is worth reminding that the Moroccan automotive sector already exports vehicles to over 75 countries.