Dossier
lithium iron phosphate
Coverage of lithium iron phosphate in the Nexus archive.
- Morocco secures $114 million in funding for Africa’s first EV battery factory
The African Development Bank approved a $110 million loan to support the construction of Africa’s first EV battery gigafactory in Morocco, led by Gotion Power Morocco. The project, part of a broader $272.6 million initiative, aims to produce 10 gigawatt-hours of battery cells annually initially, with plans to expand to 100 GWh, fostering green jobs and renewable energy integration.