Morocco is enhancing its industrial leadership with a strategic project in electric batteries.
The country has launched a massive industrial initiative in this sector following the announcement by South Korea’s LG Chem and its Chinese partner Yahua of a joint investment to establish two factories in the kingdom. This move strengthens Morocco’s positioning as a regional hub for clean energy and electric mobility.
The project includes the establishment of a lithium refining plant with an annual capacity reaching 52,000 tons, expected to begin production in 2025. This will be followed by a second factory for the production of LFP (lithium iron phosphate) cathode materials in 2026, with a nearly 50,000 tons per year production capacity—sufficient to equip batteries for around 500,000 economy-class electric vehicles.
Morocco’s choice as a location for this venture is attributed to its strategic qualifications, including substantial phosphate reserves necessary for LFP production, as well as free trade agreements with both the European Union and the United States, which allow locally produced products to benefit from international support programs. Additionally, its geographical location is favorable for exports to global markets.
This ambitious project underscores Morocco’s commitment to accelerating its transition to a green economy and supporting its direction towards future industries, especially in the electric vehicle sector and low-carbon technologies.
