The African Development Bank Group has approved a €100 million loan to Gotion Power Morocco for the establishment of an integrated cathode-to-cell lithium iron phosphate (LFP) battery gigafactory in the Rabat-Salé-Kénitra Free Trade Zone. Kevin Kariuki, the Bank Vice-President for Power, Energy, Climate and Green Growth, said, “Battery storage is the missing link in Africa’s clean energy transition.” For his part, Achraf Tarsim, AfDB Country Manager for Morocco, said: “this gigafactory will be a major catalyst for strengthening Morocco’s industrial competitiveness and for accelerating its emergence as Africa’s manufacturing hub for sustainable mobility industries.” Gotion High-Tech Co., Ltd. is a global innovator in lithium-ion battery technologies and energy storage solutions. The company specializes in the research, development, manufacturing, and commercialization of EV batteries, energy storage systems, battery materials, and next-generation battery technologies.