Where are lithium ion batteries made?

Lithium-ion batteries dominate the EV market and represent about 49% of the global rechargeable battery market. Many of the minerals needed to produce them, including cobalt, lithium, manganese, nickel and graphite are available in the Democratic Republic of Congo, Zambia, South Africa, Madagascar, Mozambique, Tanzania or Gabon among others.

Can Africa become a low-cost and low-emissions battery producer?

The country is thus uniquely positioned to become a low-cost and low-emissions producer of lithium-ion battery precursor materials and cells, says an African Development Bank report titled ‘Strengthening Africa’s Role in the Battery and Electric Vehicle Value Chain’.

Can special economic zones make battery precursors in DRC and Zambia?

A BloombergNEF study was commissioned to look into the feasibility of setting up Special Economic Zones to manufacture battery precursors in DRC and Zambia. It confirmed the project was technically feasible and financially viable, with an estimated total cost of $2.7 billion.

Will Green batteries be a priority sector at the 2023 market days?

The manufacture of green batteries will be a priority sector at the 2023 Market Days, taking place in Marrakech, Morocco, from 8–10 November, under the theme Unlocking Africa’s Value Chains.

How much power does a gotion battery have?

It will have an annual capacity of 100 gigawatts. Gotion is one of the world’s 10 largest battery manufacturers and listed on both China’s Shenzhen Stock Exchange and on the Zurich Stock Exchange in Switzerland, with shareholders such as Volkswagen. This is where the Africa Investment Forum can play an important role.

Will we need more lithium & graphite in 2040?

The International Energy Agency projects that manufacturers of clean energy technologies will need forty times more lithium, twenty-five times more graphite, and about twenty times more nickel and cobalt in 2040 than in 2020.