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Mexico to start producing lithium batteries in late 2023

admin by admin
November 25, 2022
in News


President Andrés Manuel López Obrador announced last month a $2.5 billion plan to turn parts of the border region with the US into a clean energy hub, home to solar and wind plants as well as electric vehicle factories.

Mexico plans to build five large solar plants, recondition car factories to make electric vehicles, and produce batteries and semiconductors in Sonora. 

The northern state, which shares nearly 600km (370 miles) of border with the US, aims to also host mining projects developed with American and Canadian investors. 

The country does not yet have commercial lithium production, but it has contracts with a dozen foreign companies to explore potential deposits.

A recent report by Mexico’s finance ministry pegs the value of Sonora lithium reserves at $600 billion.





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