Morocco electric vehicle energy storage

How much does a new EV battery Gigafactory cost in Morocco?

The project will feed energy to Gotion Power’s new electric vehicle (EV) battery gigafactory in the northwestern Moroccan city of Kenitra. The renewables-plus-storage plant has an expected investment cost of around US$800 million, ACWA Power said.

What EVs are made in Morocco?

In addition, companies like NEO Motors exemplify the country's ambition to promote Made in Morocco products. EV production in Morocco is still in its infancy. The country currently produces 40,000 to 50,000 EVs annually including the Mini EVs Fiat Topolino, Opel E-Rocks and CitroënAmi (see Figure 2).

Can Morocco be a leader in EV battery manufacturing?

The investment is the first of its kind in Africa and the Middle East and represents Morocco’s push to be a leader in EV battery manufacturing. The gigafactory will create around 17,000 direct and indirect jobs, including 2,300 highly skilled positions.

Is Morocco a future hub for EV manufacturing?

With its robust automotive infrastructure, skilled workforce, and favorable business environment, Morocco holds the potential to emerge as a significant future hub for EV manufacturing. In addition, companies like NEO Motors exemplify the country's ambition to promote Made in Morocco products. EV production in Morocco is still in its infancy.

What is Morocco doing in the EV sector?

Additionally, Morocco is actively forming new strategic partnerships in the EV and energy sectors, affirming its dedication to spearheading fully decarbonized automotive supply chains. This strategic alignment places the country at the forefront of 21st-century economic policy.

Will China build a new electric vehicle battery plant in Morocco?

In a related development, Chinese electric vehicle battery manufacturer Huayou announced in August its ambitious investment of about $20 billion to construct a facility in Morocco’s Laayoune Sakia El Hamra region. The company wants to manufacture batteries for 6 million vehicles annually.