Separate announcements by Korean and Chinese battery makers in recent weeks imply $3-4bn of investment in Moroccan lithium-phosphate-iron (LFP) battery plants by 2026 with production sufficient to power 1.5mn cars.
Groundbreaking on the larger of the two plants, to be developed by leading Chinese EV battery manufacturer CNGR in partnership with Morocco’s Al Mada group, could come before the end of 2023, the Chinese firm says. (CONTINUED - 819 WORDS)
