Both the T-MEC ruling in favor of Mexico, and the fiscal incentives by the United States government for its population to purchase electric cars assembled in the North American region, motivated the creation of the value chain in around lithium batteries in the country.

The advances around the lithium battery industry in Mexico so far are few. Only the mineral deposit in Sonora is known, but the story will change in the near future, according to specialists consulted by Expansión.

Check here: El Salto submarket concentrates 70% of the industrial demand of Guadalajara

Both the T-MEC ruling in favor of Mexico, and the fiscal incentives by the United States government for its population to purchase electric cars assembled in the North American region, will motivate the creation of the value chain around lithium batteries in the country.

The results on the interpretation of the Rules of Origin of the Regional Value Content (VCR) were in the view of the three economies that make up the T-MEC.

On the one hand, Mexico and Canada shared the opinion that said agreement allowed them to round off the VCR from 75% to 100%, while the United States considered that this rounding was not possible, which would have allowed it to impose a tariff on vehicles of up to 17%, according to some reports from the government of that country.

Of interest: Industrial demand in Querétaro is the one that has grown the most in the entire Bajío region

The T-MEC, which came to replace NAFTA, among its modifications included the VCR's incorporation of key components, also known as coreparts, such as engines, transmissions and lithium batteries, but the latter are not produced in the region.

From the perspective of Gerardo San Román, director of the consulting firm Jato Dynamics for Latin America, if the ruling in favor of Mexico is confirmed, this will be an incentive for the lithium battery industry, as it means the gateway to the US market and a exchange of vehicles assembled in the country with the neighbor to the north free of tariffs.

In Solili you can consult industrial warehouses available in Monterrey and Saltillo

Original note