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Morocco Africa

African Development Bank supports Gotion Power Morocco for LFP battery gigafactory

On July 24, the African Development Bank Group approved a EUR 100 million loan to Gotion Power Morocco to finance the development of an integrated cathode-to-cell lithium iron phosphate (LFP) battery gigafactory in the Rabat-Sale-Kenitra Free Trade Zone. The Bank also plans to mobilise up to an additional EUR 141 mil....

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