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Morocco to build Africa's first lithium battery plant with 100m euro loan
Morocco has launched Africa's first lithium battery factory, with funding of 100 million euros from the African Development Bank. The project aims to establish an integrated facility for manufacturing electric vehicle batteries using lithium iron phosphate technology, producing 10 gigawatt-hours of batteries in the initial phase, with capacity later expanded to 100 gigawatt-hours. This investment seeks to strengthen Morocco's position as an industrial hub regionally in electric mobility and clean energy, generating over 600 direct jobs, increasing local content to 70 percent, and supporting Africa's transition to a low-carbon economy by developing battery and renewable energy value chains.
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