Morocco is positioning itself as a major player in the global electric vehicle (EV) battery production sector, with a new partnership between Moroccan investment fund Al Mada and Chinese battery component manufacturer CNGR Advanced Material Co. They are set to invest over $2 billion in establishing an industrial EV battery production base in Morocco, leveraging the country's rich phosphate reserves and proximity to European EV markets. The collaboration aims to produce battery precursors, active materials, cathodes, and recycling capabilities, with initial production scheduled for 2025, targeting an annual capacity of over one million EVs. Morocco's strategic location for exporting to Europe and the U.S., along with its automotive expertise and access to raw materials, positions it as a key hub for EV battery production.
This move aligns with Morocco's renewable energy goals, as it aims to reach 52 percent renewable energy by 2030, requiring growth in electrified transport. The country's commitment to nurturing a sustainable EV industry not only benefits its domestic market but also supports environmental objectives and strengthens its position in the global EV supply chain. With growing local demand and expanding exports, Morocco seeks to play a vital role in the worldwide transition to electric mobility, signaling its readiness to lead in this transformative industry.