The president mentioned the Olinia project, an affordable electric car. Mexico, with experience in automobile production, seeks to participate in the entire production chain. The idea is that the country does not limit itself to the supply of raw materials, an unstable phase. To this end, the creation of a battery company is proposed, possibly under Pemex. Growth plans are expected to exceed initial expectations.
Elon Musk of Tesla announced good results and his intention to eliminate restrictions for autonomous vehicles in the United States, which would pave the way for a market of 'robot taxis.' The United States depends on lithium imports, but Mexico, with accessible reserves, could have an advantage in producing it. This scenario would change the market dynamics.
The proposal for Pemex to become a lithium producer poses challenges but also opportunities. Given the growing demand for electric vehicles and batteries, especially after the elections in the U.S., Mexico should consider creating a national electric vehicle industry. The president could enhance her plans if she plays her cards right.
A relevant finding in Arkansas, revealing considerable lithium reserves, could impact the automotive industry. The reserves in brines would position the U.S. strategically on a global level, being an essential component of electric vehicle batteries. Companies like Exxon Mobil have already expressed interest in exploiting these reserves.
In conclusion, the possibility of national lithium and electric vehicle production in Mexico, combined with the potential discovery in Arkansas, presents interesting opportunities for the country. President Claudia Sheinbaum could take advantage of these changes in the global landscape if she knows how to adapt her strategies accordingly.
