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Start-Up MOBI LATAM partners with EnergyX to develop Bolivian domestic lithium battery supply chain

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Both companies will work towards creating a Bolivian domestic lithium battery supply chain to develop the region’s electric mobility market. Bolivia is lithium-rich; the USGS estimates identified lithium reserves in the country to be 21 million tons—ahead of Argentina and Chile, the other members of the “lithium triangle”.

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Rough road for EV industry

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In March, the Biden administration invoked the Defense Production Act, making $750 million available to the mining industry for expansion and other improvements in the production of lithium. Chile and Bolivia appear to be heading down the same path, placing rigid restrictions on outside access to the countries’ lithium.

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Tesla And Other Tech Giants Scramble For Lithium As Prices Double

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And the battle for market share in and around this commodity has everyone from major tech players to trend-setting investor gurus vying for a foothold. In order to produce a half million cars per year•we would basically need to absorb the entire world’s lithium-ion production.” This means that the new market is all about new players.

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Electric Cars and a Smarter Grid - Green Inc. Blog - NYTimes.com

Tony Karrer Delicious EVdriven

insulating or rebuilding Europe’s rickety housing stock could cut heating bills from 30 to 80 per cent, which would slash demand for their product. Not only would smart cities slowly reduce energy needs, they would also start producing their own over time. Most of the worlds Lithium is located in Bolivia, 50% plus.

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China’s battery supply chain tops BNEF ranking for third consecutive time; Canada close 2nd, US drops to 3rd

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China currently hosts 75% of all battery cell manufacturing capacity and 90% of anode and electrolyte production. A solid foundation on domestically realized resource wealth, bolstered by responsible and ethical production, is the main theme of the rankings this year as countries and the industry strive for a sustainable supply chain.

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