[Moroccan Government: Guoxuan Tech plans to build 100GW Electric vehicle Battery Factory locally] the Moroccan Investment and Export Development Agency said on 1 June that the Moroccan government and Guoxuan Tech have agreed to study the establishment of an electric vehicle battery factory in Morocco, with a final investment of 6.3 billion US dollars. The agency did not specify when a final decision on the plant would be made, but said the two sides were considering building a plant with a capacity of 100 gigawatts. Renault and Stellantis have factories in Morocco with a total production capacity of 700000 vehicles, as well as local clusters of auto parts manufacturers. (Reuters)