From January to September 2024, Mexico's cumulative lithium-ion battery imports were approximately US$1. 3 billion, and it is expected to continue to grow in the next few years.
Notably, Tesla's charging stations in Mexico have been expanding rapidly to support the growing Mexican electric car market. Investments are also focused on lithium-ion batteries, with Mexico positioning itself as a key player in the global lithium EV battery supply chain.
As one of the most crucial automobile manufacturing countries, Mexico has recognized the potential of lithium batteries to advance the field of electric vehicles. The present work aims to provide an overview of lithium batteries in Mexico for electric vehicles and highlights the research topics and the current state of the art.
Lithium is a critical resource for EV lithium batteries, and Mexico holds significant lithium deposits. By investing in the extraction and processing of this resource, Mexico can rely less on imported materials. This will help Mexico become a bigger player in the global EV battery market.
Abstract: The global shift towards sustainable transportation has generated great interest in using lithium-ion batteries (LIBs) for electric vehicles (EVs). As one of the most crucial automobile manufacturing countries, Mexico has recognized the potential of lithium batteries to advance the field of electric vehicles.
Panasonic Energy Co., Ltd., with a rich history and strong market presence, is a key player in the global lithium-ion battery market. Its commitment to advancing technology and sustainable solutions marks its significant industry presence.
The lithium-ion battery market, valued at $54.4 billion in 2023, is experiencing rapid growth, with projections indicating a surge to $182.5 billion by 2030 and further expansion to $187.1 billion by 2032. This remarkable growth, at a compound annual growth rate (CAGR) of 14.2% to 20.3%, is fueled by several key factors.
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