{"id":7640,"date":"2024-11-13T15:46:07","date_gmt":"2024-11-13T14:46:07","guid":{"rendered":"https:\/\/en.7news.ma\/?p=7640"},"modified":"2024-11-13T20:48:42","modified_gmt":"2024-11-13T19:48:42","slug":"ev-industry-moroccos-cdg-partners-with-gotion-high-tech-to-launch-gigafactory","status":"publish","type":"post","link":"https:\/\/en.7news.ma\/ev-industry-moroccos-cdg-partners-with-gotion-high-tech-to-launch-gigafactory\/","title":{"rendered":"EV Industry: Morocco\u2019s CDG partners with Gotion High-Tech to launch gigafactory"},"content":{"rendered":"<p>On November 13, 2024, in Hefei, Khalid Safir, Director General of Morocco\u2019s Caisse de D\u00e9p\u00f4t et de Gestion (CDG), and Li Zhen, President of the Sino-European company Gotion High-Tech, signed a Memorandum of Understanding (MoU) marking a major partnership between the CDG Group and Gotion High-Tech. This agreement, reached during a CDG delegation visit to Gotion\u2019s headquarters in China, positions Morocco at the forefront of sustainable mobility solutions in Africa.<\/p>\n<h3>CDG Invest steps into Gotion Power Morocco with industrial fund NAMA<\/h3>\n<p>Under the MoU, CDG Invest, the investment branch of CDG Group, will acquire equity in Gotion Power Morocco through its industrial investment fund, NAMA. This investment is a strategic step in bolstering Morocco\u2019s burgeoning sustainable mobility sector and will support Gotion High-Tech\u2019s ambitious Gigafactory project in Morocco.<\/p>\n<h3>Gigafactory project: An integrated platform for battery production<\/h3>\n<p>The flagship project, spearheaded by Gotion Power Morocco, involves the development of an integrated Gigafactory in Morocco. In its initial phase, the facility will boast a production capacity of 20 GWh for lithium-ion battery cells and packs, alongside Energy Storage System (ESS) batteries and 200,000 tons of cathode materials. This initial phase will require an estimated investment of around 13 billion Moroccan dirhams and is set to generate 2,300 jobs, creating a significant impact on the local economy.<\/p>\n<h3>Accelerating Morocco\u2019s vision for sustainable mobility<\/h3>\n<p>This MoU follows a previous investment agreement signed between the Moroccan government and Gotion High-Tech on June 6, 2024. The Gigafactory aligns with Morocco\u2019s strategic objectives to build a robust industrial ecosystem for sustainable mobility. With a focus on advancing the country\u2019s electric vehicle (EV) sector, the project supports the strategic vision of His Majesty King Mohammed VI, who is committed to positioning Morocco as a leader in the renewable and sustainable energy sectors.<\/p>\n<h3>CDG Group\u2019s role in Morocco\u2019s economic transformation<\/h3>\n<p>Through this new partnership, CDG Group reaffirms its role as a leading institutional investor committed to advancing Morocco\u2019s structural transformation. CDG\u2019s involvement not only underscores its support for key national projects but also strengthens its position as a central player in Morocco\u2019s economic evolution toward innovation-driven, sustainable industry.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On November 13, 2024, in Hefei, Khalid Safir, Director General of Morocco\u2019s Caisse de D\u00e9p\u00f4t et de Gestion (CDG), and Li Zhen, President of the Sino-European company Gotion High-Tech, signed a Memorandum of Understanding (MoU) marking a major partnership between the CDG Group and Gotion High-Tech. This agreement, reached during a CDG delegation visit to [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":7641,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","footnotes":""},"categories":[21,18,23],"tags":[],"class_list":{"0":"post-7640","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-finance-business","8":"category-morocco","9":"category-news"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>EV Industry: Morocco\u2019s CDG partners with Gotion High-Tech to launch gigafactory - 7news Morocco<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/en.7news.ma\/ev-industry-moroccos-cdg-partners-with-gotion-high-tech-to-launch-gigafactory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EV Industry: Morocco\u2019s CDG partners with Gotion High-Tech to launch gigafactory - 7news Morocco\" \/>\n<meta property=\"og:description\" content=\"On November 13, 2024, in Hefei, Khalid Safir, Director General of Morocco\u2019s Caisse de D\u00e9p\u00f4t et de Gestion (CDG), and Li Zhen, President of the Sino-European company Gotion High-Tech, signed a Memorandum of Understanding (MoU) marking a major partnership between the CDG Group and Gotion High-Tech. 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