Gotion High-Tech Secures $114M ADB Loan for Africa's First LFP Battery Gigafactory in Morocco国轩高科获非洲开发银行1.14亿美元贷款,建非洲首座LFP电池超级工厂
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Chinese battery maker Gotion High-Tech secured a $114 million loan from the African Development Bank (AfDB) to build Africa's first integrated lithium iron phosphate (LFP) battery gigafactory in Morocco's Rabat-Salé-Kénitra Free Trade Zone.
The plant will launch with 10 GWh of annual cell-and-pack capacity and plans to scale up to 100 GWh, while AfDB will also help mobilize an additional $160 million in financing.
The project is expected to create over 600 direct jobs, target 70% local material integration, and strengthen regional EV and clean-energy value chains.