Morocco phosphate battery“RABAT, June 1 (Reuters) - Morocco's government and China-based battery maker Gotion High Tech have agreed to look into setting up an electric vehicle battery plant in the kingdom with up to $6.3 billion in eventual investment, Morocco's investment agency said.
Moroccan officials have often pitched the kingdom as a good location for very large EV battery factories because of its existing automotive and renewable energy sectors and the presence of raw materials including cobalt and
phosphates.”
https://www.reuters.com/business/autos-transportation/chinese-ev-battery-maker-gotion-mulls-factory-morocco-2023-06-01/ (Bloomberg, June 05) — "One of China’s top battery-makers reckons it has cracked a technology to provide even cheaper and more powerful packs for electric vehicles. Gotion High-Tech Co. recently unveiled a lithium-iron-manganese-
phosphate battery — LMFP for short — which it says will power an EV for 1,000 kilometers (621 miles) on each charge. Until now, it’s largely the more expensive nickel-cobalt batteries have provided that kind of range.
Gotion’s offering adds manganese to existing lithium-iron-phosphate chemistry that was commercialized in China and has been adopted by major EV makers from BYD Co. to Tesla Inc. as a method of cutting the cost of some models. Improvements in LFP that pack more power into smaller packages have helped popularize the technology, which is typically cheaper to manufacture.
Gotion, listed in Shenzhen and with
Volkswagen AG as its largest shareholder, expects its LMFP battery to cost 5% less than a conventional LFP battery in terms of dollars per kilowatt hour, Cheng said. That would be as much as 20% to 25% cheaper than nickel-cobalt units.
Gotion has been ramping up overseas expansions, from planning a battery plant in
Michigan state……"
https://www.bloomberg.com/news/articles/2023-06-05/china-s-ev-battery-sector-is-preparing-another-technology-breakthrough