Shulou(Shulou.com)11/24 Report--

Thanks to the CTOnews.com netizen Mr. Air, Xiao Zhanche's clue delivery! CTOnews.com, June 3, according to Reuters, the Moroccan Investment and Export Development Agency said that the Moroccan government and Chinese battery manufacturer Guoxuan Tech have begun to explore the establishment of a battery factory in Morocco.

▲ Touyuan: Guoxuan Hi-Tech reported that the total investment in the planned project of the plant is expected to reach 6.3 billion US dollars (CTOnews.com Note: currently about 44.667 billion yuan). In addition, the relevant person in charge of Guoxuan Hi-Tech told thepaper.cn, "both the company and the Moroccan government have the intention to build a battery factory there, and they are still communicating." Guoxuan Hi-Tech pointed out that the biggest reason for choosing Morocco is to take into account the market in the European and African region. According to reports, the annual production capacity of the plant will reach 100Gwh.

CTOnews.com noted that according to the website of the Moroccan Agency for Investment and Export Development, Morocco is a leader in the African automotive industry, with a vehicle capacity of about 700000 vehicles and more than 250 auto parts suppliers. Among them, Peugeot-Citroen, owned by Stellantis, the world's fourth-largest carmaker, and French carmaker Renault have both set up vehicle plants in Morocco.

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