Can a lithium-ion battery make a profit in Mexico?
AMLO and many Mexican policymakers hope to leverage lithium to profit from the rapidly growing value chain of clean energy minerals and technology. Lithium-ion batteries, electric vehicles, and other clean energy technologies are attracting skyrocketing sums of capital.
Who makes LTH batteries in Mexico?
LTH is a well-known battery manufacturer in Mexico that is part of Johnson Controls (now Clarios), which is owned by Grupo Industrial Bamer. LTH is one of the world’s leading manufacturers of energy storage technology from Latin America, has production facilities in Mexico, and also known as one of the top 10 battery manufacturers in Mexico.
What should Mexico and Sonora do about lithium?
In this context, political leaders in Mexico and community leaders in Sonora should consider the following recommendations: Bring Lithium to the Public Square: A new president will be elected in June . Both candidates should develop specific proposals for lithium development as part of a broader clean energy strategy and debate them.
Does Mexico offer subsidies to lithium battery manufacturers?
She said that the US currently offers subsidies to lithium battery manufacturers, while the Mexican government has said that there will not be direct subsidies to such companies, and that the finance ministry is working on a package of “interesting” incentives for Tesla to set up shop in Mexico.
Does Mexico have a lithium company?
Since nationalizing lithium resources in , Mexico has created a state lithium company: LitioMX. This, of course, follows the path of Mexico’s state-owned oil company Pemex. However, the recent performance of Pemex is not something policymakers should hope to emulate.
Does Mexico have a battery industry?
Mexico’s battery industry continues to grow rapidly, with leading manufacturers providing energy storage solutions for a variety of sectors, including automotive, industrial, and renewable energy sectors in Mexico.
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