homeWelcome, sign in or click here to subscribe.login
     


 

 

Technology


Subscriber content preview

July 27, 2026

Morocco funds EV battery factory

NAIROBI, Kenya (AP) — The African Development Bank (AfDB) has approved a $110 million loan to support the construction of Africa's first gigafactory in Morocco, backing the continent's push to build a domestic electric vehicle battery industry.

The loan to Gotion Power Morocco will finance the development of an integrated lithium iron phosphate (LFP) battery plant in the Rabat-Salé-Kénitra Free Trade Zone, the bank said Friday.


 
. . .


To read this story in full login or purchase a subscription.




Email or user name:
Password:
 
Forgot password? Click here.