RABAT, Morocco, March 29, 2024 /PRNewswire/ -- On 29 March 2024, BTR New Material Group Co., Ltd.
("BTR")(835185.BJ), a global leader in battery materials, inked an
investment agreement with the Moroccan government to erect a
lithium battery ternary cathode material facility in the country.
The venture aims to cater to the surging demand in global markets
while broadening the battery material maker's international
footprint. As part of the agreement, the project will be located in
Tangier Technopark City, along Morocco's northern coast, dedicating its
operations to the production of crucial lithium-ion battery
materials. Construction is slated to commence in the second quarter
of 2024. This landmark event was honored by the presence of Mr.
Aziz Akhennouch, the Prime Minister of Morocco, and Mr. Li
Changlin, the Chinese Ambassador to Morocco. They, alongside Mr. He Xueqin, the
Chairman of BTR, heralded the commencement of this project.
BTR stands as the world's leading manufacturer of comprehensive
battery material solutions. It has held the top spot in the global
market share for anode materials for fourteen consecutive years,
while its cathode materials have consistently secured a dominant
stance within the sector. The company prides itself on its
deep-seated technical expertise and unmatched production
capabilities in the battery material spectrum. Amidst the
escalating global demand for electric vehicles, BTR is developing a
global strategic blueprint, aiming to establish a world-class
production base for lithium-ion battery materials. Currently, it is
in the midst of building an anode material base in Indonesia, representing the first venture of
its kind outside China in the
anode industry.
With its abundant mineral resources and strategic geographic
location, Morocco has emerged as a
pivotal part of BTR's internationalization strategy. Furthermore,
Morocco stands out as one of the
few economies globally that has concurrently inked Free Trade
Agreements (FTAs) with both Europe
and the United States, ensuring a
seamless entry for the majority of its manufactured products into
these regions.
Utilizing its leading-edge technology and extensive production
experience, BTR aims to transform the North African facility
into a sustainable, intelligent, and state-of-the-art production
hub. BTR has already set up a subsidiary in the Mediterranean to
steer the project and is in the process of recruiting a diverse
group of technicians, engineers, and managerial talent from across
the globe.
About BTR
BTR New Material Group Co., Ltd., a subsidiary of China Baoan
Group Co., Ltd., was established in August
2000. BTR has been listed on the Beijing Stock Exchange in
October 2021 under stock code:
835185.BJ.
At the forefront of renewable energy material research and
development, BTR distinguishes itself through continuous
technological innovation. With its advanced technologies, a
complete product lineup, and an extensive industry chain, BTR
caters to a renowned base of international and domestic customers.
The company's key offerings include lithium-ion battery anodes,
cathode, and other groundbreaking materials, ensuring its dominant
position in the industry.
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Official website: https://www.btrchina.com/en/
LinkedIn: https://www.linkedin.com/company/btrchina
CONTACT: pr@btrchina.com
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