Morocco will emerge as an electric vehicle manufacturing hub amid favourable geo-economic factors.
In the Middle East and North Africa, Rabat's recent statement that it will soon sign an agreement for the development of a "gigafactory" to create batteries for electric vehicles (EVs) has put Morocco in a prime position to become a green mobility leader.
Morocco's emergence as a major EV manufacturing hub on a worldwide scale is a development of immense significance for the country and is essential to both the promotion of carbon-free mobility and the robustness of Western supply chains in the fight against climate change.
Morocco's entry into the EV manufacturing industry is being accelerated by its stockpiles of essential battery minerals. Morocco has the potential to lead a green mobility revolution by employing renewable energy to power the manufacturing of EVs due to its abundance of solar and wind energy resources and the existing utility-scale infrastructure to harness them.
Moroccan Minister of Industry Ryad Mezzour told the media on 21st July, 2022, that the country was close to finalising an agreement with EV battery producers to set up a sizable local production facility. Mezzour stated that the facility will be a gigafactory and that Rabat hoped to finalise a $2 billion agreement for the facility before the year ended.
A gigafactory is a large-scale battery manufacturing facility with each production line having an annual output of around three gigawatt-hours (GWh) of lithium-ion (Li-ion) battery cells, enough to make batteries for 30,000-45,000 EVs, depending on the size and model. The term was popularized by the innovative American EV manufacturer Tesla. Regarding the number of lines and overall capacity of the projected Moroccan plant, Mezzour has been evasive.
It would ideal for Morocco's impressive automotive manufacturing sector, which can already produce more than 700,000 automobiles annually, to create EV batteries on this scale. By 2025, Rabat wants to grow Moroccan production to 1 million vehicles annually, many of which will be electric vehicles (EVs).
Nearshoring is the driving force behind the growth of Morocco's automotive manufacturing industry, with Rabat's strategic industrial planning and cultivation of overseas relationships.
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