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AfDB Approves €100 Million for Morocco LFP Battery Gigafactory
The African Development Bank has approved a €100 million loan to Gotion Power to support the construction of a lithium iron phosphate battery factory in Morocco, described as Africa's first EV battery gigafactory. The financing signals the continent's entry into electric vehicle supply chain manufacturing.
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- Maroc : la BAD approuve un prêt de 100 millions d’euros à Gotion Power pour une usine de batteries LFP · financialafrik.com · T2