Skip to site menu Skip to page content

Daily Newsletter

16 May 2024

Daily Newsletter

Chinese auto battery makers invest in Morocco

Planning combined investments of over $900m

Dani Cole May 16 2024

Moroccan officials have said that Chinese automotive battery manufacturers Hailiang and Shinzoom will build two separate plants in the country, Reuters reports.

It comes as Morocco sees an increasing automotive sector due to greater demand for electric vehicles.

Earlier this year its industry and trade minister Ryad Mezzour said the government is in talks to attract more electric battery makers.

Hailiang is planning to build a copper plant worth $450 million, and Shinzoom, part of Hunan Zhongke, will invest $460 million in an anodes facility.

Another Chinese manufacturer, CNGR Advanced Material is expected to build a cathode plant in Jorf Lasfar, 100 kilometres south of Casablanca, Reuters reports.

Major automakers such as Stellantis and Renault have production plants in the country, with GlobalData analysts citing the country is transforming into a manufacturing hub success story, having created two industrial platforms in the Cite de l’Automobile in Tangier and the Cite de l’Automobile in Kenitra.

It has ambitions to become one of the world’s major car manufacturing locations.

Uncover your next opportunity with expert reports

Steer your business strategy with key data and insights from our latest market research reports and company profiles. Not ready to buy? Start small by downloading a sample report first.

Newsletters by sectors

close

Sign up to the newsletter: In Brief

Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Thank you for subscribing

View all newsletters from across the GlobalData Media network.

close