Europe, although determined to become a leader in electric vehicles, faces significant obstacles in establishing a strong and competitive supply chain. In this context, China, the world leader in battery production, has found in Morocco a strategic partner to supply Europe with batteries for electric cars.
Morocco: a geographical asset
China has established itself as the main global player in battery production for electric cars. It not only owns a large part of the world’s production, but also controls essential resources such as lithium, nickel and cobalt, essential to the manufacture of batteries. China produces lithium iron phosphate (LFP) batteries at very competitive costs, giving it a huge advantage over its competitors, so much so that it is very difficult for them to compete. These LFP batteries, although less expensive than other technologies, have demonstrated increased efficiency. According to BloombergNEF data cited by Automotive News Europe, China can produce these batteries at almost half the cost of the global average, making this technology particularly attractive to markets looking for affordable solutions for the transition to electric vehicles. The Morocco, rich in phosphate resources necessary for the production of LFP batteries, positions itself as a key player for Chinese ambitions in Europe. The proximity…Read more on Autoplus
