Chinese manufacturer CNGR Advanced Material Co. is set to collaborate with the African private investment fund Al Mada to establish a state-of-the-art industrial facility in Morocco.
Commencing construction this year at the Jorf Lasfar site, the joint endeavor aims to commence production of battery materials by 2025, with an estimated total investment exceeding 20 billion Moroccan dirhams (equivalent to $2 billion).
Morocco’s abundant phosphate resources play a pivotal role in the production of lithium ferrophosphate (LFP) cells, increasingly essential for electric vehicles.
Located near the European market, which is witnessing rapid EV growth, Morocco also benefits from smooth trade relations with the United States.
This ambitious venture has outlined plans to develop “precursors active materials” required for nickel-cobalt-manganese (NCM) batteries.
Additionally, it will establish production units for LFP cathodes and recycling facilities for battery materials.
The primary focus of the partnership will be on exporting their production, with the capacity to equip more than one million electric vehicles annually.
To secure the necessary phosphates, the partners are currently in discussions with the state-owned OCP Group.
