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

Baua Electric

The Moroccan government is in talks to attract more electric battery manufacturers as it seeks to adapt its growing automotive sector to an increasing demand for electric vehicles, industry and trade minister Ryad Mezzour said. The automotive sector tops Morocco’s industrial exports at USD 14 billion in 2023, up 27%.

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

Green Car Congress

Recently the BMW Group signed a cobalt supply contract with Moroccan mining company Managem Group ; the contract has a volume of around €100 million, said Andreas Wendt, member of the Board of Management of BMW AG responsible for Purchasing and Supplier Network. Sustainability and security of supply are important factors for electromobility.

Morocco 225
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ZF signs multi-year supply agreement with STMicroelectronics for silicon carbide devices for new inverters

Green Car Congress

Under the terms of the multi-year contract, ST will supply a volume of double-digit millions of silicon carbide devices to be integrated in ZF’s new modular inverter architecture going into series production in 2025. With this strategically important step, we are strengthening our supply chain to be able to securely supply our customers.

Supplies 186
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BMW Group signs €540M supply contract with Ganfeng for lithium from mines in Australia

Green Car Congress

The two companies have signed a 5-year (2020 - 2024) supply contract for the lithium needed as a key raw material for battery cells. Sustainability and security of supply are important factors in the expansion of electromobility. Cobalt will be sourced directly from mines in Australia and Morocco in the future.

BMW 170
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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.

Li-ion 150
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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. The argument is that European manufacturers that are pivoting to EVs have had difficulties making them profitable and have already invested heavily into their development.

Legal 113
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Skeleton Technologies joins Flying Whales program to develop next generation of heavy-lift, large-capacity airships

Green Car Congress

European ultracapacitor manufacturer Skeleton Technologies will join French firm Flying Whales’ program to build a 60-ton Large Capacity Airship (LCA60T, for the global transport market. For that purpose Morocco will become the “third parent country” of Flying Whales. Industrial production is expected to start in 2021.

Morocco 199