article thumbnail

LFP Cathodes — Made in Morocco, Financed by China, Exported to the West

CleanTechnica EVs

The USA has effectively locked out Chinese batteries from its domestic market, but what if components like LFP cathodes are made in Morocco, in a factory financed by a Chinese–Korean partnership? Sounds complicated, but it might just work, as Morocco has a free […]

Morocco 137
article thumbnail

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

Baua Electric

The automotive sector tops Morocco’s industrial exports at USD 14 billion in 2023, up 27%. Morocco is home to production plants by Stellantis and Renault with an annual combined production capacity of 700,000 cars as well as a cluster of local suppliers.

Morocco 52
article thumbnail

Chinese-made cars account for one in five BEV sales in February in Europe | Autocar Professional

Baua Electric

Chinese-made cars drive growth In Europe, sale of cars made in China saw the highest levels of year-on-year growth in February 2024 (+45%) and in January-February 2024 (+43%). As a result, cars made in China outsold cars made in Italy, Korea, Morocco, and Romania, while also closing the gap between cars made in Turkey and the UK.

Chinese 52
article thumbnail

Peugeot sees robust orders, rolls out EV subscriptions in Europe

Baua Electric

Owned through auto vast Stellantis, Peugeot has perceivable EV gross sales stay forged regardless of festival from Chinese language producers, Jackson stated in an interview. marketplace and targets to accumulation rising in South The usa and alternative international locations, together with South Africa, Malaysia, Thailand and Morocco.

Europe 52
article thumbnail

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

The Truth About Cars

However, Stellantis is also trying to shift EV assembly to places like Morocco due to their lower-than-average labor costs. Lower overhead in terms of production costs are supposed to help them endure the onslaught of cheaper Chinese EVs that are assumed to flood the market as European governments effectively mandate electric vehicles.

Legal 116
article thumbnail

Skeleton Technologies joins Flying Whales program to develop next generation of heavy-lift, large-capacity airships

Green Car Congress

Last year Chinese Prime Minister Li Keqiang and French Prime Minister Manuel Valls oversaw the signing of a cooperation and investment framework agreement between Flying Whales and the China Aviation Industry General Aircraft (AVIC General) company, which is to become a Flying Whales significant shareholder.

Morocco 199
article thumbnail

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

Green Car Congress

billion for the Chinese production site of the BMW Brilliance Automotive Ltd. The BMW Group will source the cobalt needed as a key raw material for cell production directly from mines in Australia and Morocco and make it available to CATL and Samsung SDI. billion (contract duration from 2020 to 2031), with €4.5 —Andreas Wendt.

BMW 220