Africa's First EV Battery Factory | Business and Finance News

Morocco just landed over $100 million to build Africa’s first electric vehicle battery factory — a giant leap for green tech on the continent. Backed by the African Development Bank and led by China’s Gotion High-Tech, this gigafactory in Rabat-Salé-Kénitra will produce 10 GWh annually, scaling up later. It’s not just about batteries — it’s about powering Africa’s solar and wind future, boosting grid stability, and creating 600+ jobs while aiming for 70% local supply chain integration. This move signals Africa’s rising ambition in global clean energy and automotive manufacturing. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/6157c4ed4c796830