16 Hrs
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ناظورسيتي
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Spanish paper warns of Moroccan factory's impact on Valencia and Aragón
The Spanish newspaper "Fozzoboli" highlights the inauguration of Morocco's first giant battery factory in Kenitra, with an investment of up to $6.8 billion. This development poses a threat to battery plant projects in Spain, such as those in Valencia and Aragón. The project aims to produce 10 gigawatt-hours, with the potential to expand to 100 gigawatt-hours, using Lithium Iron Phosphate (LFP) technology. This gives Morocco a competitive advantage in terms of costs and supply chains, sparking concerns in Spain about its potential to outshine Spanish companies in the European battery market.
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