CNGR(SZ:300919) Xin Lang Cai Jing·2025-09-03 00:07Core Viewpoint - The successful financing closure of the nickel-based materials production line project in Morocco by China Export & Credit Insurance Corporation (Sinosure) marks the establishment of the first renewable energy materials base project in Africa backed by Sinosure [1] Group 1: Project Overview - The Morocco project will have an annual production capacity of 40,000 tons of nickel-based materials, contributing to a total capacity of 120,000 tons once fully operational [1] - The products from this project will primarily be sold to markets in North Africa, Europe, and the United States, supporting materials for nearly one million electric vehicles [1] - This project represents the first investment by a Chinese renewable energy materials company on the African continent [1] Group 2: Financing and Support - Sinosure adopted an export buyer's credit model to address the financing needs of the project, focusing on key issues such as project structure, bank selection, and project advancement [1] - The project faced challenges including a large number of business contracts and difficulties in financing coordination, which Sinosure addressed through its integrated export innovation model and industry expertise [1] - A syndicate of seven domestic and foreign banks from China, Europe, and Africa was formed to provide medium to long-term financing support, with the total insured amount reaching $285 million [1]