Notably, the lithium-ion battery (LiB), a crucial component of EVs, can constitute between a third to half of the EV's total cost. With the surging production of EVs and essential electronics crucial for achieving a zero-carbon emission energy transition, Zimbabwe is rapidly ascending global ranks.
With the surging production of EVs and essential electronics crucial for achieving a zero-carbon emission energy transition, Zimbabwe is rapidly ascending global ranks. The heightened demand for EVs, driving the global thirst for lithium, could designate the country as the EV Battery Hub of the Future.
As multinational corporations engage in fierce competition to secure crucial assets in battery metals, Zimbabwe has become a prime destination.
With a rich history of lithium mining spanning six decades, Zimbabwe is swiftly emerging as a contender in the burgeoning race to meet the soaring demand for electric vehicle (EV) batteries.
Boasting Africa's largest lithium reserves and ranking sixth globally, Zimbabwe strategically places itself among leading lithium-producing countries like Chile, Australia, China, Argentina, and Brazil, underscoring its pivotal role in meeting the escalating demands of a progressively electrified and sustainable global economy.