Gotion High-Tech Signs MOU For Big Battery Factory In Morocco
The Morocco Agency for Investments and Exports announced this week that Morocco has signed a Memorandum of Understanding with Gotion High-Tech for the development and establishment of an industrial ecosystem for the production of batteries for electric vehicles as well as for stationary storage applications. The Head of Government, Aziz Akhannouch, presided over the signing ceremony of the MOU.
The President of Gotion High-Tech, Mr. Li Zhen, said, “The group looks forward to contributing to the global development of green mobility solutions. Gotion is also prepared to collaborate with Morocco on this project to contribute to decarbonization and the development of innovative energy solutions.”Reports say the plan is to have a gigafactory with an annual capacity of about 100 GWh. This would be a really positive development for Morocco and the continent of Africa.
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