Chinese electric battery maker BTR New Material Group (835185.BJE) has been given the go-ahead by the Moroccan government to build a factory near Tangier to produce a key component, the cathode.
[next] BTR plans to construct a lithium battery cathode material project in Morocco with an annual production capacity of 50,000 tons.
Morocco is considered a good location for EV battery factories because Moroccan officials have pitched the north African country as having an existing auto industry and renewable energy sectors, and the presence of raw materials including cobalt and phosphates.