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WEB China's BTR to Build New Anode Plant in Morocco, Expects USD120 Million Pre-Order From Ford

BTR's Expansion in Morocco

• WEB China's BTR Group, specializing in lithium-ion battery materials, has announced plans to construct a new anode plant in Morocco.
• The plant is expected to generate a USD120 million pre-order from Ford.
• Morocco's position as a hub for electric vehicle (EV) battery production has gained further momentum with this announcement.

Rising Demand for EV Batteries

The growing demand for electric vehicles has led to a surge in demand for lithium-ion batteries, which are essential components of EVs.

Morocco has emerged as a strategic location for EV battery production due to its proximity to Europe and access to raw materials.

The country's favorable investment climate and government support have made it an attractive destination for global battery manufacturers.

BTR's Global Presence

BTR Group is a leading global manufacturer of comprehensive battery material solutions.

The company's decision to invest in Morocco reflects its commitment to expanding its production capacity and meeting the increasing demand for EV batteries.

BTR's new anode plant in Morocco will complement its existing operations in China and Europe.

Morocco's EV Battery Ecosystem

Morocco is rapidly developing an EV battery ecosystem, attracting investments from major global players.

• South Korea's LG Chem and China's Huayou Cobalt have also announced plans to establish battery production facilities in Morocco.
• Chinese battery cell manufacturer Gotion High-Tech is building Morocco's first EV battery gigafactory.
• The government of Morocco has signed an Investment Agreement with Gotion High-Tech to support the establishment of the gigafactory.

Conclusion

WEB China's BTR Group's investment in a new anode plant in Morocco underscores the country's growing importance as a hub for EV battery production.

The plant is expected to meet the increasing demand for lithium-ion batteries and contribute to the development of Morocco's EV battery ecosystem.