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President of Mexico nationalizes lithium

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The President nationalized Mexico’s lithium deposits last April, and created LitioMX (Litio Para Mexico) to mine lithium ( earlier post ). Sonora hosts virtually all Mexico’s lithium resources—8.82Mt lithium carbonate equivalent (LCE) or 1.66Mt lithium metal. What we are doing now.

Mexico 543
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BMW Group investing €800M in Plant San Luis Potosí in Mexico for NEUE KLASSE and battery assembly

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The BMW Group is investing €800 million in Plant San Luis Potosí in Mexico for integration of fully-electric models of NEUE KLASSE and construction of local high-voltage battery assembly. In Mexico, we are investing 800 million euros in our plant and creating around 1,000 new jobs.

Mexico 418
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Mitsubishi Motors Corporation to supply global compact sedan to Chrysler de Mexico

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Mitsubishi Motors Corporation (MMC) and Chrysler de Mexico (CdM) announced a five-year agreement in which MMC will supply its global compact sedan to CdM, to be sold in Mexico starting November 2014. —Bruno Cattori, President and CEO of Chrysler de Mexico.

Chrysler 218
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EIA: New refineries will increase global refining capacity in 2022 and 2023; China leads

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The International Energy Agency (IEA) estimates that global refining capacity decreased by 730,000 barrels per day (b/d) in 2021—the first decline in global refining capacity in 30 years. million b/d since the start of 2020, contributing 184,000 b/d to the global decline in 2021. million b/d in 2022 and by an additional 1.6

Global 448
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BMW Group secures CO2-reduced steel for global production network

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Following initial contracts with European suppliers, the BMW Group has now concluded further 2 -reduced-steel-for-global-production-network">agreements for the supply of CO 2 -reduced steel in the US and China. Steel is one of the main sources of CO 2 emissions in our supply chain. Top: Steel Dynamics; Center: US Steel; Bottom: HBIS Group.

BMW 444
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Honda to build new CVT plant in Mexico; initial capacity 350k units

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Honda de Mexico, S.A. The new transmission plant, Honda’s third in North America, will produce continuously variable transmissions (CVTs) for automobiles built in Mexico, where further market growth is expected, as well as for other Honda auto plants in North America and globally.

Mexico 225
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JATO: global vehicle sales fall by 39% in March; electrified vehicles up to 17.4% new registration market share in Europe

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The outbreak of COVID-19 has already impacted the automotive industry significantly, according to JATO Dynamics, a leading provider of global automotive data and insight. Global vehicle sales totalled 5.55 —Felipe Munoz, JATO’s global analyst. Registrations fell in all 27 markets, but with varying severity.

Europe 261