Zhongwei Yinyang New Energy’s $200M Investment Boosts Morocco’s Battery Materials Sector

Mohammedia, June 18th, 2025

Zhongwei Yinyang New Energy announced a $200M investment to build a battery materials production unit in Mohammedia, Morocco. Partnering with Hunan Construction Bank, the facility will produce cathode and anode materials for lithium iron phosphate (LFP) batteries, leveraging Morocco’s phosphate reserves (70% of global supply). This expands the company’s existing $2B Dakhla project with OCP Group, launched in 2024.

Set for completion by 2027, the Mohammedia plant will create 500 jobs and produce 30,000 tons annually. It aligns with $10B in Chinese EV investments in Morocco since 2023, including Gotion’s $1.3B gigafactory.

Morocco’s 56 free-trade agreements with the EU, US, and China’s zero-tariff policy (FOCAC 2025) bolster its hub status. Morocco’s vehicle exports hit $6.4B in 2024, leading Africa.

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