Chinese Battery Giant Huayou Plans $20 Billion Factory in Morocco, Targeting Global EV Market

A Huayou delegation was on site on Tuesday, in the Laâyoune-Sakia El Hamra region, to study the feasibility of the project, the objective of which is to meet the needs of the domestic, European and American markets in terms of electric battery components. Ultimately, this giant factory will allow to occupy 30% of this market and cover the battery needs of more than 6 million vehicles by 2030.

The project is expected to generate more than 13,000 direct jobs and promote battery production in the Laâyoune-Sakia El Hamra region. During the site visit, Mohamed Jaafar, general manager of the Regional Investment Center, highlighted the potential of the region, explaining that this project is part of the state’s policy to develop electric vehicle production and establish itself as a leader in this sector.

Before Huayou, Gotion High Tech, a leader in the electric mobility sector, had expressed interest in investing in the electric battery sector in Morocco. This Sino-European group plans to create an ecosystem for the production of batteries for electric vehicles and energy storage systems in Bouknadel, in the Rabat-Salé-Kénitra region. The project is expected to cost 65 billion dirhams and create more than 25,000 jobs.