BTR to invest $363.5 million in new anode materials plant in Morocco
BTR New Material Group, a Chinese battery materials manufacturer, will invest USD 363.5 million to build a plant in Morocco for the production of anode materials, according to Chinese media reports.
The Morocco plant, BTR’s second facility in the North African country, is expected to have an annual production capacity of 60,000 tons of anode materials, reports Yicai Global, citing a statement from the company on Tuesday.
The new plant will be constructed over two years at Mohammed VI