Rabat energy storage lithium battery
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Shenzhen-listed Gotion Hi-Tech has unveiled plans to construct two lithium battery manufacturing facilities in Morocco and Slovakia, with annual production capacities of 20 GWh
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Shenzhen-listed Gotion Hi-Tech has unveiled plans to construct two lithium battery manufacturing facilities in Morocco and
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Shenzhen-listed Gotion Hi-Tech has unveiled plans to construct two lithium battery manufacturing facilities in Morocco and Slovakia, with annual production capacities of 20 GWh each. The total investment is estimated at CNY19.1 billion ($2.63 billion).
According to SNE Research, Gotion ranked eighth globally in EV battery installations, with 9 GWh deployed in the first half of 2024, marking a 38.2% year-on-year growth. Its energy storage business is also climbing the ranks, achieving the seventh position worldwide in storage cell shipments, per InfoLink Consulting.
The total investment is estimated at CNY19.1 billion ($2.63 billion). The Moroccan project, led by Gotion’s wholly-owned subsidiary Gotion Power Morocco S.A., will be located in the Rabat region.
In Slovakia, the facility will be developed in the city of Surany through GIB EnergyX Slovakia s.r.o., a joint venture established in November 2023. Gotion GmbH, a Gotion Hi-Tech subsidiary, holds an 80% stake, while Slovak partner InoBat Auto owns the remaining 20%.