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Morocco's Head of Government, Aziz Akhannouch, presided over the signing ceremony for the investment agreement for BTR New Material Group's strategic project in Rabat on Friday.
The project consists of the construction of a production unit for cathodes, an essential component of electric vehicle batteries, with an investment of 3 billion dirhams and the creation of over 2,500 jobs, according to a press release.
The project, the first of its kind in Morocco, will be developed in two phases on a 15-hectare site within Cité Mohammed VI Tanger Tech. The first phase, with a production capacity of 25,000 tonnes, is scheduled for completion in September 2026. The entire plant will reach a capacity of 50,000 tonnes per year.
The project is carried out by the Chinese BTR Group, one of the world's leading manufacturers of components for electric batteries. Its customers include major electric battery manufacturers such as BYD, CATL, Volkswagen and Tesla.
«This investment in the electric mobility sector is not an isolated one, but the first of several large-scale projects to come, positioning the Kingdom as an attractive hub for the electric vehicle battery industry, and a key player in the production of components vital to the future of the sector», said Mohcine Jazouli, Minister for Investment, Convergence and the Evaluation of Public Policies, during the event.
The investment agreement was signed by the Chairman of BTR Raw Materials, YouYan Huang, the Minister of Economy and Finance, Nadia Fettah, the Minister of Economic Inclusion, Small Business, Employment and 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.
The signing ceremony was attended by the Ambassador of the People's Republic of China to Morocco, Changlin Li, the Chairman of BTR Group, Xueqin He, and the Managing Director of AMDIE, Ali Seddiki.
