article thumbnail

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

Green Car Congress

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”.

Bolivia 320
article thumbnail

GM investing $650M in Lithium Americas; offtake agreement from Thacker Pass

Green Car Congress

Under the agreement, GM will make a $650-million equity investment in Lithium Americas, which represents the largest-yet investment by an automaker to produce battery raw materials. Lithium carbonate from Thacker Pass will be used in GM’s proprietary Ultium battery cells. Tranche 2: GM to invest $330 million into Lithium Americas.

America 259
article thumbnail

GM leads $50M funding round in EnergyX; advanced lithium extraction and refining technology

Green Car Congress

EnergyX’s technologies can make lithium metal directly from brine and potentially in anode-ready form for EV batteries, which enables more cost-effective and sustainable lithium recovery to unlock a vast lithium supply chain in North America that may otherwise be unviable.

GM 150
article thumbnail

Oversold Lithium could be about to rally

Green Car Congress

Last year’s 12 percent slide by the Bloomberg Commodity Index —spurred by 20 percent-plus declines by industrial bellwethers like West Texas Intermediate crude, steel and platinum—came in the wake of two years of modest gains. Currently, the EV market accounts for about 47 percent of global lithium demand.

2018 278
article thumbnail

The Year of Change: Snippets from the EV Situation in Latin America

CleanTechnica EVs

Long distances, oilfields, and low salaries abound south of the Rio Bravo. If you ask me, it’s mainly these three conditions that have marked Latin America as one of the laggards in the EV transition. Alas, all bad times should come to an end, and recent developments in the region start to show not a […]

America 112