Electric vehicles: Signature of an investment agreement of 3 billion dirhams with the Chinese group BTR


The Head of Government, Aziz Akhannouch, chaired, Friday in Rabat, the signing ceremony of the investment agreement for the strategic project of the company BTR New Material Group, relating to the construction of a cathode production unit, a essential component of the electric vehicle battery, for an investment amount of 3 billion dirhams (MMDH).

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 investment agreement was signed by the President of BTR Raw Materials, YouYan Huang, the Minister of Economy and Finance, Nadia Fettah, the Minister of Economic Inclusion, Small Business, Employment and of Skills, Younes Sekkouri, the Minister of Industry and Commerce, Ryad Mezzour and the Minister Delegate to the Head of Government, in charge of Investment, Convergence and Evaluation of Public Policies, Mohcine Jazouli, and this in the presence of the Ambassador of the People's Republic of China to Morocco, Changlin Li, the President of BTR Group, Xueqin He, and the Director General of the Moroccan Agency for the Development of Investments and Exports (AMDIE), Ali Seddiki . Speaking on this occasion, the Head of Government stressed that the signing of this investment agreement testifies to a strategic partnership which offers the best conditions to make the project an international reference in terms of competitiveness, efficiency and of sustainability. And to note that while the Kingdom has positioned itself as an internationally competitive industrial platform, particularly in the automotive sector, it is entering a new phase of its development, marked by an inclusive, sustainable and sector-oriented future. of future.

For his part, Mr. Jazouli indicated that this investment in the electric mobility sector is not isolated, and is intended to be the first of several large-scale projects to come, thus positioning the Kingdom as an attractive pole for the he electric vehicle battery industry and a key player in the production of vital components for the future of the sector.

In this wake, Morocco is determined to consolidate its place as a continental and regional hub in the automobile industry, by playing a central role in this green mobility revolution, he continued. As for the president of BTR Group, he explained that this investment is of strategic importance because Morocco offers a developed automotive industrial chain and remarkable geographical advantages, making it possible to complement and enrich the group's existing automotive industrial chain in the region, particularly in the new energy vehicle segment. For his part, Mr. Seddiki indicated in a press statement that this project aims to create 2,500 jobs, in order to consolidate Morocco's position as a leader in the field of electric mobility, considering this as progress. major, paving the way for other initiatives in this area. The project, work on which has already started, is led by the Chinese group BTR, one of the world leaders in the manufacturing of components for electric batteries and counts among its clients the main manufacturers of electric batteries such as BYD, CATL , Volkswagen or even Tesla.

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

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