Guangzhou Tinci Materials Technology to Invest $280 Million in Moroccan Plant for Lithium-ion Battery Materials

Guangzhou Tinci Materials Technology, a prominent Chinese supplier of electrolytes and electrolyte chemicals for lithium batteries, has unveiled its plans to invest a substantial sum of $280 million in the construction of a new plant in Morocco.

The facility, spearheaded by the company's Singapore-based unit, Yicai Global, will focus on the production and sale of lithium-ion battery materials. This strategic move is motivated by Morocco's abundant reserves of phosphorite ore, which will provide valuable resources for Tinci's operations. Furthermore, establishing a plant in North Africa will enable Tinci to tap into the European market effectively.

In parallel, the company has also commenced preparations for another venture—an impressive lithium battery electrolyte factory in Texas, United States. With an expected annual production capacity of 200,000 tons, this ambitious project will contribute to Tinci's global expansion. The construction of the Texas plant is anticipated to be completed within a span of 30 months, marking a significant milestone in Tinci's pursuit of technological advancements and market diversification.

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