CDG, Gotion High-Tech ink MoU to support electric battery gigafactory in Kenitra
The Deposit and Management Fund (CDG) and Gotion High-Tech Group signed a memorandum of understanding (MoU) on Wednesday in Hefei, China, to support the electric battery gigafactory currently under development in Kenitra, Morocco.
The agreement was signed by CDG's CEO, Khalid Safir, and Gotion High-Tech Chairman, Li Zhen. It outlines that CDG Invest, the investment arm of CDG, will acquire a stake in Gotion Power Morocco through its NAMA industry fund, according to a press release from the