Recently, Betray announced that it intends to invest in the construction of an integrated project with an annual output
of 60,000 tonnes of lithium battery anode materials in Morocco through its wholly-owned subsidiary - Betray Mediterranean
Negative New Material Technology Co. This initiative not only highlights Betray's firm confidence in the overseas market,
but also lays a solid foundation for the layout of its production capacity and market share in the global context.
This initiative not only demonstrates Betray's firm confidence in the overseas market, but also lays a solid foundation
for its global capacity layout and market share.
The project is expected to have a total investment of not more than RMB2.618 billion, with a construction period
of approximately 2 years, and is located in Tangier Science and Technology City in Morocco. Tangier Science and
Technology City is located on the Mediterranean coast, close to the European market, and its unique geographical
location provides a convenient access to the sea for Betray's anode material products, which is conducive to
the company's better service to global customers. In addition, as the first country in North Africa to sign the ‘One Belt,
One Road’ co-operation plan with China, Morocco's abundant raw material resources, stable political and economic
environment, and friendly foreign trade policies provide a strong guarantee for Beyondsoft's investment and
construction in the country.
The construction of the project in Morocco is another important milestone in the globalisation strategy of Betray
after the commissioning of the project in Indonesia. After the project is put into operation, it will form an integrated
capacity of anode materials with an annual output of 60,000 tonnes, which will complement the company's 50,000 tonnes
annual output of lithium battery cathode materials project in Morocco, and build up a complete industrial chain layout
of ‘cathode+negative electrode’. This layout not only helps to enhance the competitiveness of Betray in the global anode
material market, but also better meet the demand of domestic and foreign customers for high-quality and high-performance
lithium battery materials.
For Betray, the implementation of Morocco project has far-reaching significance. On the one hand, it will further improve
the company's production capacity layout and enhance the company's share and influence in the global market; on the other hand,
through the construction and operation of the project, Betray will accumulate more international operating experience, laying
a solid foundation for the future globalisation development. In addition, with the continuous development of the new energy
automobile industry, the market demand for lithium battery materials will continue to grow, and Betray's investment in Morocco
will also bring considerable benefits to the company, further promoting the company's performance growth and sustainable development.
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