CNGR Advanced Material has produced more than 1,000 tonnes of nickel-based battery materials in one month at its plant in Jorf Lasfar, near El Jadida. The company reached the milestone in June 2026. The plant is run by COBCO, a joint venture between CNGR and Moroccan investment group Al Mada. The wider project is expected to cost about $2bn and will be built in several phases.
COBCO plans to produce 120,000 tonnes of nickel-based battery materials each year. The site will also produce 60,000 tonnes of lithium iron phosphate (LFP) materials and process 30,000 tonnes of used battery material each year.
The full project is expected to support battery production equal to about 70 gigawatt-hours (GWh) a year. That is enough for around one million electric vehicles.
CNGR also reported strong results for the first half of 2026. Revenue reached 33.58bn yuan ($4.69bn), up 57.51% from a year earlier. Net profit was 1.80bn yuan ($251m).
Shipments of nickel- and cobalt-based battery materials reached 155,900 tonnes, an increase of 42.34% from the same period last year.
CNGR has also expanded its business outside China, with operations in Indonesia, Morocco and South Korea contributing to overseas sales.
The Jorf Lasfar site has direct access to a major Atlantic port. This makes it easier to bring in raw materials and send finished products to European customers.
The company says products can reach battery factories in France, Germany and Spain in less than three days.
CNGR said the location also gives it access to renewable energy and local raw materials.
“Morocco is a critical strategic hub for serving our overseas customers. By utilizing local clean energy and raw material advantages, we can deliver high-quality, low-carbon battery materials directly to European and American supply chains.”
Industry Minister Ryad Mezzour said the investment would help build a wider electric-vehicle industry in the country.
“Morocco is building a complete, integrated industrial ecosystem for electric vehicles. Investments from global leaders in battery materials position our country as an essential bridge between raw material sources and international automotive markets.”
COBCO is 50.03% owned by CNGR Morocco New Energy and 49.97% by Al Mada.
The company is working with phosphate producer OCP Group to supply materials for its LFP production. Nickel, cobalt and manganese will be imported and processed at the site.
Several other battery companies are also investing in Morocco.
Gotion High-Tech is building a battery factory in Kénitra, with an initial investment of $1.3bn. BTR New Material Group is developing a $500m cathode-material plant in Tangier Tech. Tinci Materials plans to invest $280m in an electrolyte plant, while Yahua Group is involved in lithium hydroxide projects.
The projects are expected to expand the country’s role in the electric-vehicle supply chain, from battery materials to finished batteries and cars.
