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China’s Gotion High Tech to set up USD 1.3 bn EV battery gigafactory in Morocco – ET Auto

Baua Electric

The automotive sector topped Morocco’s industrial exports at USD 14 billion in 2023, up 27% on the previous year. China’s Gotion High Tech will build Morocco’s first EV battery gigafactory for a total cost of 12.8 bn EV battery gigafactory in Morocco – ET Auto appeared first on Bauaelectric Auto News.

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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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Stellantis Investors Fume Over CEO Pay Amid Job Cuts, Plant Closures, Supplier Strife

The Truth About Cars

Stellantis CEO Carlos Tavares’ pay increase has annoyed a subset of shareholders as the automaker positions itself for more layoffs and attempts to shift the production of electric vehicles to countries where labor is cheaper. We imagine that’s largely a matter of perspective and who you happen to be in relation to the situation.

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BMW targeting doubling energy density of battery cells by 2030, with current i3 as basis

Green Car Congress

Taking the technology currently in the BMW i3 as a basis, by 2030 we will be able to double the energy density of our battery cells—and therefore also the operating range of the vehicles for our customers. In future, cobalt will be sourced directly from mines in Australia and Morocco, and lithium from countries including Australia.

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BNEF: producing battery materials in the DRC could lower supply-chain emissions and add value to the country’s cobalt

Green Car Congress

Capital cost to build a 10k metric-ton battery precursor plant. Electric vehicles represent a $7 trillion market opportunity between today and 2030, and $46 trillion between today and 2050, according to the new report, “ The Cost of Producing Battery Precursors in the DRC ”, launched at the DRC-Africa Business Forum 2021.

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