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Madrid Reviews Kenitra Giga Factory Deal
The "Giga Factory" battery project in Kenitra signifies a major transformation in Morocco's automotive industry. A Chinese factory is being developed in partnership with Gotion High Tech, with an investment estimated at $6.8 billion, aiming to produce 100 gigawatt-hours of batteries, starting with an initial phase of 10 gigawatt-hours. The site's strategic location, close to European markets and supported by a conducive industrial environment, was a key factor in choosing this location. The factory focuses on producing Lithium Iron Phosphate (LFP) batteries, which rely on iron phosphate and lithium and are used in electric vehicles. This development enhances Morocco's position as a major hub in the electric vehicle supply chain within the region. While Spain is also competing with large-scale projects in the battery sector, the Moroccan project marks a pivotal shift for the kingdom—from vehicle assembly to the production of more complex components—and contributes to strengthening industrial competitiveness in the western Mediterranean.
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