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Rabat – The Sino-European group GOTION High-Tech, with Volkswagen as a key shareholder, is slated to build the first electric battery gigafactory in the Middle East and Africa.
The state-of-the-art facility, to be located in Kenitra, Morocco, represents a 12.8 billion dirham ($1.3 billion) investment and promises to generate 17,000 jobs.
The announcement was made during a signing ceremony in Rabat on June 6th, presided over by Prime Minister Aziz Akhannouch.
The strategic investment agreement, endorsed by high-ranking Moroccan officials and GOTION High-Tech executives, signifies the beginning of a comprehensive industrial ecosystem for electric battery production in Morocco.
“This project is a monumental step for Morocco, positioning us at the forefront of the electric mobility revolution in the region,” announced Prime Minister Akhannouch. “It underscores the confidence international investors have in our nation’s potential.”
The Kenitra gigafactory will have an initial production capacity of 20 GWh, with plans to expand to 100 GWh and a total investment of 65 billion dirhams ($6.8 billion).
This initial phase alone will create 17,000 jobs, including 2,300 highly skilled positions, marking a significant boost to Morocco’s labor market and technical expertise.
GOTION High-Tech’s choice of Morocco highlights the country’s growing appeal as a strategic investment hub, especially in industries with high value-added potential.
The company, which has already established gigafactories in Europe, the United States, and Asia, aims to tap into the burgeoning electric vehicle market by leveraging Morocco’s strategic location and industrial capabilities.
Morocco has steadily built a reputation as a key player in the automotive and aerospace sectors over the past two decades.
The new gigafactory is expected to further integrate Morocco into global value chains and bolster its standing as a leader in sustainable industrial development.
The signing ceremony saw participation from several Moroccan high-level officials, including Minister of the Interior; Abdelouafi Laftit, Minister of Economy and Finance; Nadia Fettah, and Minister of Industry and Commerce; Ryad Mezzour, alongside GOTION High-Tech President; Zhen Li.
