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07 Jun

Gotion High-tech, Morocco agree $1.3 billion gigafactory investment

Chinese battery giant Gotion High-tech has signed a MAD 12.8 billion ($1.3 billion) investment agreement with the Moroccan government to build its battery gigafactory in Kenitra. The project in northwestern Morocco will start production with a capacity of 20 gigawatt-hours and create 17,000 direct and indirect jobs, the government says. The agreement was signed on 6 June in the capital city of Rabat, Kallanish reports. Last year, Gotion High-tech said the plant&r…
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