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On December 28, 2023, the publicly listed company BTR announced that its subsidiary BNUO planned to sign an investment agreement with the Kingdom of Morocco to strategically expand its production capacity for lithium battery cathode materials.

The plan is for BNUO to establish a project company in Morocco, investing in and constructing a facility with an annual production capacity of 50,000 tons of cathode materials. The total estimated investment for the project is not expected to exceed CNY 3.535 billion (approximately equals to $495.4 million US).

Specifically, this project will be located in the Tangier Technology Park in Morocco and a manufacturing plant for cathode materials aims to be established with an annual capacity of 50,000 tons. And the project will be implemented in multiple phases.

Source: WeChat Official Account—起点锂电

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