News Room - Business/Economics

Posted on 17 Jun 2025

Tinci, Morocco ink battery materials investment agreement

Chinese lithium-ion battery material company Tianci Material plans to start electrolyte and other raw materials production in Morocco by 2030, Kallanish learns.

The company recently announced it signed an investment agreement with the Moroccan government to build a 150,000 tonnes/year plant in the country. The project, first announced in 2023, will be developed by wholly owned subsidiary Tinci Materials Jorf Lasfar SAS.

The $280 million project will be implemented in the Jorf Lasfar Industrial Park in El Jadida, in Morocco’s Casablanca-Settat region. The construction period is expected to take up 24 months, but the company has five years from the signing of the investment agreement to commission the plant.

According to Tinci’s statement, Morocco will provide the necessary support for the project, including subsidies, subject to local regulations. The project still needs to obtain the site land, as well as permitting for construction and operation. This includes the environmental assessment clearance.

Additionally, its foreign investment plan needs to be authorised by Chinese authorities.  

In 2023, Tinci said it would raise funds through global depositary receipts on the Swiss Stock Exchange. Then, the project’s planned annual production capacity was 300,000 t/y of lithium-ion battery materials, including 150,000 t/y of electrolytes, 100,000 t/y of lithium hexafluorophosphate (LiPF6), and 50,000 t/y of lithium iron phosphate (LFP) cathode materials.

Without disclosing whether the project would eventually reach the original production capacity at a later stage, the company promises to create an agreed number of jobs by 2028. Morocco will also provide customs and tax benefits for the project.

However, if Tinci fails to deliver on the agreed investment allocation, job creation and production target, Morocco can withdraw its support and request the refund of any financial support.

Tinci believes that promoting its industrialisation of electrolytes and other lithium-ion battery materials in Morocco will cover European demand.

Source:Kallanish