Riad Mazour, the Moroccan Minister of Industry and Trade, revealed that two factories would soon be built to produce batteries for electric cars circulating in Morocco with huge investments.
In this regard, Morocco is supported by its possession of abundant reserves of raw materials used in the manufacture of electric batteries, such as cobalt and phosphate, in addition to the availability of sources of green energy production.
The local manufacture of electric batteries will allow Morocco to occupy an important place in the field of the production of electric cars and to keep pace with the transformations taking place on the world automobile market, in particular in Europe, which receives 90% of Moroccan exports.
Morocco is betting that its production capacity in the electric car sector will reach 120,000 cars within 3 years, while its current production capacity fluctuates between 40,000 and 50,000 cars per year.
important possibility
Experts believe that Moroccan production of electric batteries, which represent about 30% of the cost of manufacturing electric cars, would prove the continental kingdom’s leadership in the automotive market and allow it to keep pace with its European partner’s evolution towards clean vehicles. “by 2035.
Driss Fejli, director of the Advanced Systems Engineering Laboratory at the National School of Applied Sciences in Kenitra, says manufacturing batteries in Morocco to support the electric car sector is part of the global trend towards carbon neutrality. and the transition to clean energy.
And Fajli goes on, in statements to Sky News Arabia Economy, that Morocco has the capabilities that will help it succeed in this area, including some basic minerals that go into this industry.
He added that Morocco’s geographical proximity to Europe, in addition to the significant experience it has accumulated in the automotive market and skilled labor, are among the factors that qualify the Kingdom to become a leader in the world. continental level in this area.
Follow the global transformation
And Morocco’s Minister of Industry, Riad Mazour, announced that the Kingdom was negotiating with companies that manufacture batteries for electric cars with the aim of setting up a huge factory in the Kingdom.
In previous statements, the Minister indicated that the European Union will switch to electric cars by 2035, believing that this dossier “offers us no other option than to become producers of batteries for electric cars”.
Driss Fejli says the electric battery industry will help increase local electric car manufacturing capabilities in Morocco, bringing the proportion of locally produced components to around 80%.
He added that the attraction of foreign investment in the battery industry must be accompanied by negotiations for the transfer of technology, in addition to working to benefit from the experience of certain countries in this industry, led by China, which dominates battery production.
improve the business climate
Economists point out that attracting foreign investment in the battery industry, which is the main component of the electric vehicle industry, must go hand in hand with improving the business climate and facilitating the investment process. .
Idriss Al-Fina, head of the Independent Strategic Analysis Center in Rabat, confirms that the electric car battery industry is among the areas experiencing great development and global competition, in light of the continuous research to reduce the production cost of these batteries and improve their efficiency.
And he added, in a statement to the “Sky News Arabia Economy” website, that Morocco seeks to keep pace with the dynamism of this promising market by attracting huge investments in the field, employing the capacities and expertise which he has.
The economist points out that Morocco, through the new investment pact, supports the field of technology, which includes the manufacture of batteries for electric cars, by providing a business climate conducive to investment, so that it becomes a destination for electric car companies.
It is considered, for the moment, that this Moroccan approach indicates a desire to create an integrated industry for electric cars, which constitutes the future of the sector in which the Kingdom occupied leadership positions, at continental and regional level.
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