Chinese Battery Supplier Tinci Shifts Major Electrolyte Plant from Czech Republic to Morocco

Tinci’s decision is motivated by "unfavorable circumstances," reports the specialized portal Kallanish. In addition to abandoning its electrolyte project, the group’s board of directors has also agreed to terminate the local subsidiary Tinci Materials Technology Czech S.R.O. It had been created for the 100,000 ton per year plant project. "Affected by the economic slowdown in various countries around the world, the restricted flow of personnel and materials, and the influence of factors such as the investment environment and policy changes in the Czech Republic, we are having difficulty advancing the preliminary work of this project," Tinci said, adding that it is now a question of moving the proposed production base to Morocco where "the economic environment is relatively stable."

In June, Tinci had announced that its Singapore-based subsidiary would invest $280 million to create a company in Morocco that will produce and sell lithium-ion battery materials: 150,000 tons of electrolytes, 100,000 tons of lithium hexafluorophosphate and 50,000 tons of lithium iron phosphate. Tinci has, in a separate statement, announced its intention to raise about 5.98 billion yuan ($819.39 million). Among the beneficiaries of these funds is this project located in the Jorf Lasfar industrial park in Casablanca.