Chinese Battery Giant Tinci Lists in Hong Kong to Finance $280 Million Morocco Battery Project

Tinci Materials Technology, one of China’s leading lithium-ion battery electrolyte producers, has announced its listing on the Hong Kong Stock Exchange (HKEX). The IPO aims to raise capital to finance strategic international projects, including its $280 million investment in Morocco to build a large-scale battery materials plant.

$280 Million Battery Plant in Morocco

The Morocco project, first announced several years ago, is being advanced with fresh financing from Tinci’s Hong Kong listing.

• Investment size: $280 million (≈2.6 billion MAD)

• Location: Jorf Lasfar industrial zone, near El Jadida

• Annual output: 150,000 tons of electrolytes and lithium-ion battery materials

This facility will supply the European electric vehicle (EV) industry, helping meet the continent’s growing demand for clean energy solutions.

Why Tinci Chose Morocco

Tinci’s expansion into Morocco highlights the country’s growing role in the global EV supply chain. The decision was driven by:

• Strategic proximity to Europe, the fastest-growing EV market

• Stable political environment and strong foreign investment incentives

• Access to phosphate reserves, a critical resource for battery chemicals

With government support, Tinci expects the plant to hit production and export targets within five years, while creating new industrial jobs by 2028.

Hong Kong Listing Fuels Global Expansion

Funds raised from the Hong Kong IPO will not only finance Morocco’s $280 million project but also support Tinci’s broader international strategy:

• A Texas facility to serve the North American EV market

• Strengthening its supply chain presence across Asia, Africa, Europe, and the U.S.

• Scaling up to meet worldwide demand for EV batteries and energy storage materials

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Morocco’s Growing Role in Clean Energy

The Tinci project aligns with Morocco’s ambition to become a regional hub for renewable energy and electric mobility. By attracting one of China’s battery giants, Morocco strengthens its industrial base and global relevance in the transition to sustainable energy.

Key Takeaways

• Tinci lists on the Hong Kong Stock Exchange (HKEX) to finance growth.

• The IPO will help fund a $280 million lithium-ion battery plant in Morocco.

• The Jorf Lasfar facility will produce 150,000 tons annually for the European EV market.

• Expansion also includes a Texas battery electrolyte plant.

• Morocco positions itself as a key hub in the global EV and green energy supply chain.