The Head of Government chairs the signing ceremony of the investment agreement and start of work on the cathode factory project for electric vehicles of the Chinese group BTR for an amount of 3 billion Dhs and 2,500 jobs

HIBAPRESS-RABAT

The signing ceremony of the investment agreement for the strategic project of the company BTR New Material Group was held in Rabat this Friday March 29, chaired by the Head of Government Mr. Aziz Akhannouch. The project involves the construction of a cathode production unit, an essential component of electric vehicle batteries, for an investment amount of 3 billion dirhams and the creation of more than 2,500 jobs.

This large-scale project, the first in the electric battery ecosystem in Morocco for which an agreement has been signed, provides for the establishment of a factory with a capacity of 50,000 tonnes per year within the Cité Mohammed VI Tanger Tech . Developed in 2 phases over an area of ​​15 hectares, the commissioning of the first phase with a capacity of 25,000 tonnes is planned for September 2026.

THE project, work on which has already started, is carried out by the group Chinese BTR, one of the world leaders in the manufacturing of components for electric batteries. Its customers include the main manufacturers of electric batteries such as BYD, CATL, Volkswagen and Tesla.

Under the leadership of His Majesty King Mohammed VI, may God help him, Morocco has become an essential regional leader in the automotive industry. The choice of the Kingdom for the realization of this project reflects the renewed confidence of international investors for the “Morocco destination” and particularly for the automobile, at a pivotal moment when the sector is experiencing a profound transformation at the global level with the transition to the vehicle. electric.

This project also marks a major step forward in the international development strategy of the BTR Group and testifies to the quality of the relations of cooperation and friendship between the Kingdom of Morocco and the People's Republic of China.

Mr. Jazouli, Minister of Investment, Convergence and Evaluation of Public Policies underlined on this occasion “This investment in the electric mobility sector is not isolated, it is the first of several projects. future scale, thus positioning the Kingdom as an attractive hub for the electric vehicle battery industry and a key player in the production of vital components for the future of the sector. Morocco is resolved, under the Enlightened Leadership of His Majesty King Mohammed VI, may God assist Him, to consolidate its place as a continental and regional hub in the automobile industry, by playing a central role in this revolution of green mobility .”

The investment agreement was signed by the President of BTR Raw Materials, Mr. YouYan Huangthere Minister of Economy and Finance, Ms. Nadia Fettah, the Minister of Economic Inclusion, Small Business, Employment and Skills, Mr. Younes Sekkouri, the Minister of Industry and Trade Mr. Ryad Mezzour and the Minister Delegate to the Head of Government, in charge of Investment, Convergence and Evaluation of Public Policies, Mr. Mohcine Jazouli, in the presence of the Ambassador of the People's Republic of China to Morocco, Mr. Changlin, Li and the Chairman of BTR Group, Mr.. Xueqin, He and the Director General of AMDIE, Mr. Ali Seddiki.

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