Battery production project in Brazil

Who is launching a battery company in Brazil?

Brazilian battery manufacturer Moura, fuel-cell producer Electrocell, and a consortium formed by Companhia Brasileira de Metalurgia e Mineração (CBMM) and Japanese Toshiba, also plan to establish a presence in the segment.

Why is lithium important in Brazil?

The program encompasses the generation of business opportunities, income augmentation for the local populace, and overall social development. Lithium, a critical raw material for battery production, is abundant in Brazil, which ranks as the seventh-largest global holder of mineral reserves, totaling 1.23 thousand tons.

How much lithium does Brazil produce?

Brazil produced only 600 metric tons (mt) of lithium in 2018, accounting for about 0.7% of the global market. The country’s entire output of the mineral was mined by Companhia Brasileira de Lítio (CBL), a company co-owned by CODEMGE.

Which countries produce batteries for electric mobility?

Brazil is soon to join the ranks of countries producing batteries for electric mobility, a segment led by China, the US, Japan, and South Korea. At least four battery-production joint ventures have recently been established in the country, all involving local players working with a foreign partner.

Who makes lithium-ion rechargeable batteries?

A Moura-owned lead-acid battery facility, now retrofitted to produce lithium-ion rechargeable batteries Moura Group Moura Group, a leading local manufacturer of lead-acid car batteries, has established a lithium battery R&D center at its headquarters site in Belo Jardim, Pernambuco State.

How much energy will Bahia produce a year?

Production at the site in Bahia will grow to 5 GWh per year over the next three years, keeping pace with the adoption of technology in the country, according to BMC's Global Business Development Director Jose E Marques.