The Moroccan government and the Chinese BTR NEW MATERIAL GROUP signed an agreement worth three billion dirhams ($300 million). The signing took place in Rabat under the chairmanship of the Prime Minister of Morocco, Aziz Akhannouch. The agreement aims to establish an industrial unit for the production of negative electrodes, which are considered a component. Essential and main for electric car batteries, the project is expected to contribute to providing about 2,500 job opportunities.

This huge project is considered the first of its kind in the electric battery manufacturing system in Morocco. The project aims to build a factory whose production capacity is expected to reach about 50,000 tons per year and is located on an area of 15 hectares in the Mohammed VI Industrial City “Tangier Tech”. The project will be implemented in two phases. The first phase is expected to enter into operation in September 2026, with a production capacity of about 25,000 tons per year.

The Chinese group is considered one of the world's leaders in the manufacture of electric battery components, as the portfolio includes the most important producers of electric batteries in the world, such as BYD, CATL, TESSLA, and VOLKSWAGEN. The agreement was signed by the head of the Chinese group, Yu Yanhuang, and the Moroccan Minister of Economy and Finance. Nadia Fattah and the Minister of Economic Inclusion, Employment and Competencies, Younes Skouri, in addition to the Minister Delegate to the Prime Minister in charge of Investment and Public Policy Evaluation, Majlis Jazouli.