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Morocco expects more EV battery investments, minister says – ET Auto

Baua Electric

Last year, the Moroccan government and China’s Gotion agreed to look into setting up an electric vehicle battery plant in the kingdom with up to USD 6.3 The automotive sector tops Morocco’s industrial exports at USD 14 billion in 2023, up 27%. billion in eventual investment. billion in eventual investment.

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BMW Group sources sustainable cobalt worth around €100M from Morocco for fifth-gen batteries

Green Car Congress

The cobalt market has four types of cobalt produced: cut cathode; broken cathode; briquettes and powder; ingot and round, according to Sam Wang, trading and product manager for Manatrade AG, the marketing and trading arm of Managem Group.). This will secure our long-term need for battery cells.

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CATL accelerates overseas expansion as it outgrows China’s booming EV market

Baua Electric

CATL is doubling down on its global expansion efforts as it seeks more growth in overseas markets. With CATL’s chairman now leading the efforts, the company is making overseas growth a top priority as it outgrows China’s surging EV market. Last year, the world’s largest EV battery maker, CATL, had a 36.8% share of the market.

Market 52
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Prayon and Pulead to create JV for manufacture and sale of lithium iron phosphate material for Li-ion batteries

Green Car Congress

Major cathode material producer Pulead (China) and phosphate leader Prayon (Belgium) have entered into an agreement to form a joint venture for the manufacture and sale of lithium iron phosphate (LFP) under licence from LiFePO 4 +C Licensing LLC. The joint venture will help meet the increasing global demand for licensed LFP.

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BMW boosts CATL battery order to €7.3B, signs €2.9B battery order with Samsung SDI

Green Car Congress

The BMW Group is deepening its existing business relationships with battery cell manufacturers CATL (Contemporary Amperex Technology Co. The BMW Group is the first customer of the CATL battery cell plant currently under construction in Erfurt, Germany. In this way, we are securing our long-term battery cell needs.

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Elcora engages Lab 4 to design and build its Vanadium Pilot Plant

Green Car Congress

Elcora Advanced Materials ( earlier post ) has engaged Lab 4 to begin the test work and process design for its Ermazon Vanadium Project in Morocco with the goal of production of vanadium pentoxide. —Troy Grant, Elcora’s CEO Elcora was founded in 2011 and has been structured to become a vertically integrated battery material company.

Design 199
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ZF signs multi-year supply agreement with STMicroelectronics for silicon carbide devices for new inverters

Green Car Congress

ZF will leverage ST’s vertically integrated silicon carbide manufacturing in Europe and Asia to secure customer orders in electromobility. Among others, ZF will use the technology in inverters for vehicles of a European car manufacturer whose production start is planned for 2025. Earlier post.)

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