Guoxuan High-tech plans to build its first electric vehicle battery super factory in Morocco

Guoxuan High-tech has signed an investment agreement with the Moroccan government to build the country's first electric vehicle battery super factory, with an initial production capacity of 20GWh and plans to gradually increase to 100GWh in the future. The project is expected to have a total investment of 12.8 billion dirhams (about 1.3 billion US dollars), and the final investment may increase to 6.5 billion US dollars (about 47 billion RMB).