Gotion High-tech, the Chinese battery giant backed by Volkswagen, has secured a significant investment for its battery production project in Morocco. On November 13, Gotion signed a memorandum of understanding (MOU) with CDG Group, Moroccoās largest public financial investment institution, which plans to invest 300 million euros ($280 million) into the first phase of Gotionās Moroccan project.
The initial phase of the project will focus on the production of power batteries, energy storage batteries, and the manufacturing of cathode and anode materials. This phase is expected to create over 2,000 local jobs, Gotion announced. The collaboration with CDG will support Gotionās operations in Morocco and contribute to the countryās goal of generating 50 percent of its electricity from renewable sources by 2030. Morocco’s abundant solar and wind resources make it an ideal location for energy initiatives, according to CDG chairman Khalid Safir.
This partnership aligns with Moroccoās strategy to develop a sustainable transport ecosystem and accelerate the transition to electrification in the automotive sector. Li Zhen, chairman of Gotion, emphasized that the company will bring advanced production lines, technology, and management expertise to Morocco, aiming to set a benchmark for energy transformation in the region.
In June, Gotion signed a separate investment agreement with the Moroccan government to establish a battery factory with an initial investment of 12.8 billion dirhams ($1.3 billion) and a starting battery capacity of 20 GWh. The factoryās capacity is set to expand to 100 GWh, with a potential total investment of up to $6.5 billion. Moroccoās strategic location, free trade agreements with major markets in the EU and US, and its growing automotive sector make it an attractive site for Chinese EV battery manufacturers.
