The African Development Bank (
AfDB) has taken a new step forward in its commitment to the industrialisation of the continent by approving a €100 million financing package for the construction of the Gotion Power Morocco gigafactory. This large-scale project ranks among the most ambitious industrial investments ever undertaken in Africa within the energy storage and electric mobility technology sector.
Located in the Rabat-Salé-Kénitra region, the upcoming plant will be Africa’s first integrated gigafactory specialising in the production of lithium iron phosphate (LFP) batteries. It will cover the full industrial value chain, spanning the manufacturing of cathode active materials all the way to the assembly of battery cells for electric vehicles, thereby bolstering Morocco’s industrial sovereignty in this strategic sector.
The financing extended by the AfDB reflects international financial institutions’ confidence in the Kingdom’s potential to emerge as a key player in the global energy transition. It also aligns with the Bank’s strategy to support green industrialisation that generates skilled jobs, builds local added value and fosters technological innovation.
Morocco was not chosen by chance. The country boasts an efficient industrial environment, top-tier logistics infrastructure, recognised macroeconomic stability, and geographical proximity to major European markets. This set of strengths has attracted international investment for years across the automotive and renewable energy sectors, and now the electric battery industry.
The planned gigafactory will deepen integration within Morocco’s automotive ecosystem, already the Kingdom’s leading industrial export sector. Amid the global surge in electric vehicle uptake, domestic battery production represents a major lever to lift the competitiveness of automakers operating in Morocco and draw new investors.
The project will also support the upgrading of national industry through the development of high-level technological expertise. Thousands of direct and indirect jobs are expected to be created during both the construction and operational phases, nurturing the formation of a fully-fledged industrial ecosystem centred on critical minerals, chemicals, engineering and energy storage technologies.
Beyond its domestic impact, the gigafactory carries pan-African significance. It establishes Africa as an emerging participant in the global battery supply chain at a time when international demand is booming driven by transport electrification and the shift to clean energy. It also unlocks new opportunities to monetise Africa’s mineral resources essential for battery manufacturing.
This financing fully aligns with Morocco’s ambitions to develop a low-carbon economy, strengthen its energy sovereignty and entrench its position as an industrial hub linking Africa, Europe and the Middle East. It also demonstrates the AfDB’s resolve to back transformative flagship projects that can deliver lasting change to African economies.
With this decision, the African Development Bank confirms that the continent’s industrial future hinges on large-scale investment in clean technologies, local value chains and innovation. The Gotion Power Morocco gigafactory thus stands as an emblematic project representing Africa’s new wave of industries, combining economic performance, energy transition and regional integration.
