BTR New Material Group Co., Ltd., a global leader in battery materials, has signed an investment agreement with the Moroccan government to build a ternary cathode materials facility for lithium batteries in Tangier, Morocco. The project, expected to begin construction in the second quarter of 2024, aims to meet the growing demand in global markets and expand BTR’s international presence.
At the signing ceremony, attended by key officials including the Prime Minister of Morocco and the Chinese ambassador, the start of this groundbreaking project was proclaimed. BTR, known for its top position in the global anodic materials market and dominant position in the cathode industry, prides itself on its technical expertise and production capabilities. The company is developing a global strategic plan to establish a world-class production base for lithium-ion battery materials, with ongoing initiatives in Indonesia and now in Morocco.
Driven by abundant mineral resources and strategic location, Morocco fits perfectly into BTR’s internationalization strategy. The country’s free trade agreements with Europe and the United States ensure smooth entry for its manufactured products into these key regions. BTR plans to transform the North African facility into an intelligent and sustainable production center, leveraging cutting-edge technology and extensive production experience.
Established in 2000 and listed on the Beijing Stock Exchange in 2021, BTR is at the forefront of research and development in renewable energy materials. The company offers a comprehensive range of lithium-ion battery materials, including anodes, cathodes, and other innovative products, catering to a diverse base of international and domestic customers.
To stay updated on BTR’s latest developments and initiatives, visit their official website and LinkedIn page. For media inquiries or further information, please contact the company through the provided contact details. Exciting things are on the horizon for BTR as they continue to drive innovation and sustainability in the battery materials industry.
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