In recent months, Chinese investors have set their sights on Morocco. Last week, a Chinese group announced a $2 billion investment to build an electric battery component factory in the kingdom.
South Korean company LG Chem Ltd announced on Sunday that it has partnered with Youshan, a subsidiary of the Chinese group Huayou, to build an electric vehicle battery materials factory in Morocco.
Morocco is among the three African countries most attractive to Chinese investors over the next decade. This emerges from the ranking of a specialized website.
Chinese electric vehicle battery manufacturer CNGR Advanced Material and investment fund Al Mada are partnering in the manufacture of battery components for electric vehicles. A factory will soon be built.
Morocco has never asked to join the BRICS (Brazil, Russia, India, China and South Africa), confirmed an official at the South African Ministry of Foreign Affairs.
Chinese Guangzhou Tinci Materials Technology, a supplier of electrolytes and chemical electrolytes for lithium-ion batteries, has decided to implement its electrolyte project in Morocco, initially planned in the Czech Republic.
The Chinese company Huayou, a leader in the production of electric battery components, plans to build a large electric battery manufacturing plant in Morocco. The project is expected to cost 200 billion dirhams and be completed by 2030.
The National Railway Office (ONCF) has just entrusted the China Railway Design Corporation with the Preliminary Design (APS) studies of the Marrakech-Agadir High Speed Line (LGV) .
The Chinese company Guangzhou Tinci Materials Technology, specialized in the production of materials for lithium batteries for electric vehicles, has just announced the upcoming opening of a factory in Morocco.
Members of the Royal Moroccan Armed Forces (FAR) participated in intensive training in China where they were trained in the use of the Wing Loong II drones, two units of which the kingdom acquired last year.
The Moroccan Air Force has set up a military base in Sidi Yahya-el Gharb, near Rabat, where the latest generation military equipment acquired in recent years by the kingdom from its partners, including Israel, is kept.
The Chinese HJ-9A anti-tank missile system has been identified in images of military exercises conducted by the Royal Armed Forces (FAR) of Morocco as part of the 67th anniversary of their creation.