China, Korea and the US to build lithium battery plants in Mexico
President Andrés Manuel López Obrador announced last month a $2.5 billion plan to turn parts of the border region with the US into a clean energy hub, home to solar and wind plants as well as electric vehicle factories.
Mexico plans to build five large solar plants, recondition car factories to make electric vehicles, and produce batteries and semiconductors in Sonora. The northern state, which shares nearly 600km of border with the US, aims to also host mining projects developedThe country does not yet have commercial lithium production, but it has contracts with a dozen foreign companies to explore potential deposits.
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