In Rabat, the capital of Morocco, Betre New Materials Group Co., Ltd. and the Moroccan government held a grand signing ceremony for the investment agreement. The lineup of Chinese and foreign guests attending this ceremony is strong, including Chinese Ambassador to Morocco Li Changlin, Moroccan Prime Minister Ahnush, Minister of Economy and Finance Alawi, Minister of Industry and Trade Mezur, Minister of Employment and Skills Training Sekuri, Minister of Investment Policy Jezuli, as well as Chairman He Xueqin of Betre Group and Counselor Zheng Wei in charge of economic affairs at the embassy.

Ambassador Li Changlin stated in his speech that the signing of an investment agreement between Betray Company and the Moroccan government marks another important progress in the Muhammad VI Tangier Technology City project, which is of common concern to the heads of state of China and Morocco. This is a new achievement of joint efforts between China and Morocco, and also a new example of the flourishing economic and trade cooperation between the two countries. Morocco has a unique geographical advantage and a safe and stable business environment, which is favored by a large number of investors, including Chinese enterprises. In recent years, China and Morocco have continuously strengthened their development strategy docking, and pragmatic cooperation between the two countries has ushered in a golden period of rapid development. In 2023, the trade volume between China and Morocco exceeded 7 billion US dollars, and China's new direct investment in Morocco increased by 20.2% year-on-year. The landmark project of Sino Moroccan mutually beneficial cooperation, Tangier Technology City, has entered the implementation stage. The first enterprise to enter the park, Qingdao Senqilin Company, has started construction, and multiple enterprises have also settled in the park. It can be said that the two countries currently have a better understanding of each other's advantages than at any time in history, and the potential for economic and trade cooperation is constantly being unleashed.

Ambassador Li Changlin pointed out that at present, China is comprehensively promoting Chinese path to modernization with high-quality development, and continues to expand high-level opening up. The Moroccan government has recently issued documents such as the New Investment Act and the Moroccan Green Hydrogen Industry Plan. The development concepts of China and Morocco are interconnected, their development interests are linked, and their development goals are aligned. The potential for cooperation between the two sides is enormous and the prospects are broad. Standing at a new starting point, China is willing to continue working with Morocco to further explore new highlights of cooperation between the two countries, particularly in areas such as clean energy, new energy vehicle batteries, and industrial parks. At the same time, China will constructively participate in infrastructure projects related to the 2025 Africa Cup and 2030 World Cup, injecting new impetus into the development of the strategic partnership between the two countries.

Prime Minister Ahnush welcomes Betry Company to invest in Morocco and emphasizes that this is the first investment agreement signed by the Moroccan government in the field of new energy materials, once again demonstrating the thickness and breadth of the strategic partnership between Morocco and China. The Tangier Science and Technology City project is an important achievement of King Mohammed VI's visit to China in 2016, and also an important symbol of high-quality cooperation between the two countries on the the Belt and Road. I am pleased to see that with the joint efforts of both China and Morocco, the Science and Technology Park project has made substantial progress, and has recently received good news one after another. Currently, the Moroccan government is fully implementing the New Investment Act under the leadership of King Mohammad VI, and welcomes more Chinese enterprises to invest and develop in Morocco. We are full of confidence in the capabilities and level of Chinese enterprises, and believe that Betray's "franchise" will contribute to the transformation and upgrading of the motorcycle industry and the improvement of international competitiveness. The Moroccan government will continue to work towards creating a favorable business environment, deepening and expanding pragmatic cooperation between Morocco and China, and continuously enriching the connotation of the strategic partnership between the two countries.

The ministers of the Moroccan government who attended the signing ceremony all expressed appreciation for Betray's entry into the Tangier Science and Technology City, emphasizing the fruitful and mutually beneficial cooperation between the two countries. They thanked China for its contribution to improving the country's industry, employment, green development and other fields, and believed that the strategic partnership between the two countries would usher in a brighter future. Keywords: the Belt and Road news, the Belt and Road project, overseas project.

According to the agreement reached by both parties, the Betre project will be located in the Muhammad VI Tangier Technology City in Morocco, with the aim of constructing a positive electrode material manufacturing plant in stages, focusing on the production of key materials for lithium-ion batteries. The project covers a vast area of 156053 square meters and is expected to have a total investment of approximately 489 million US dollars. According to the plan, the construction of the project is expected to start in the second quarter of 2024. After full operation, the annual output value of the project is expected to reach 1 billion US dollars, contributing significantly to the local economy. (This article is from the official website of Jiandao: www.seetao. com. Reproduction without permission is not allowed, otherwise it will be punished. Please indicate Jiandao's website and the original link when reprinting.) Jiandao's mechanical column editor/Zhou Yingwen