AfDB grants €100 million to Gotion for battery gigafactory in Morocco
via Le Matin2 min read
The African Development Bank AfDB has approved a €100 million loan to Gotion High-Tech Co. Ltd. for the construction of Africa's first integrated battery manufacturing plant in Morocco. This gigafactory, located in the Rabat-Salé-Kénitra free zone Atlantic Free Zone, will cover the entire value chain from cathode materials to cells. The AfDB also plans to mobilize an additional €141 million from financial partners as the lead arranger under the New African Financial Architecture for Development NAFAD. The project, led by the China-based battery manufacturer Gotion High-Tech, aims to establish Morocco as a global hub for electric mobility and green technology value chains. The initial phase of the gigafactory will produce 10 gigawatt-hours GWh of battery cells and packs for electric vehicles, with plans to scale up to 100 GWh. Kevin Kariuki, Vice-President for Power, Energy, Climate and Green Growth at the AfDB, highlighted that battery storage is crucial for Africa's clean energy transition, supporting the integration of solar and wind energy and providing reliable, low-carbon power. He added that the project will create green industrial jobs and develop resilient value chains. Achraf Tarsim, AfDB Country Manager for Morocco, emphasized that the gigafactory will boost Morocco's industrial competitiveness and accelerate its emergence as an African manufacturing platform for sustainable mobility industries. It will also foster an African industrial ecosystem for batteries and e
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