The head of government, Aziz Akhannouch, chaired, this Thursday, June 6 in Rabat, the signing ceremony of the strategic investment agreement between the Sino-European group Gotion High-Tech and the Moroccan state.
This major strategic investment, which focuses on the creation of a complete industrial ecosystem for manufacturing electric batteries in Kenitra, is not only the first “gigafactory” to be built in Morocco, but also the first of its kind in the entire Middle East region. & Africa, thus consolidating the Kingdom’s position as regional leader in the automotive industry and energy transition.
“For this first gigafactory, the Moroccan State has decided to trust the Sino-European actor GOTION High-Tech, world leader in the electric battery sector, one of whose key shareholders is the German Volkswagen group, to develop an integrated project for the production of batteries for electric vehicles with a capacity of 20 GWh, for an amount of 12.8 billion dirhams and which will allow the creation of 17,000 direct, indirect and induced jobs including 2,300 with high qualifications,” indicates a press release from the Department of the Head of Government.
This investment corresponds to the first phase of development of the group’s industrial activities in Morocco, which ultimately plans to develop a capacity of 100 GWh for a total investment amount of 65 billion dirhams, it is reported.
GOTION High-Tech has made major investments in Europe, the United States and Asia with nearly 12 Gigafactories launched over the last two years to meet significant global demand in the electric mobility sector.
