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China’s BTR Group Announces $366 Million Lithium-ion Battery Plant in Morocco. The construction of the plant is expected to take approximately two years.BTR Group specializing in lithium-ion battery materials announced that it will construct a plant in Morocco’s Tangier Technology City. total investment not exceeding $366 million, with the construction expected to take approximately two years.
The company described the project as a significant step forward as part of its international expansion.
Under its new project, BTR aims to achieve an annual production capacity of 60,000 tons of lithium-ion battery anode materials with the goal of enhancing service offerings to overseas customers.
BTR aims to achieve an annual production capacity of 60,000 tons of lithium-ion battery anode materials with the goal of enhancing service offerings to overseas customers.
This comes as Morocco has consistently emphasized the importance of boosting its automotive industry and its production of car batteries.
