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.
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.
In recent years, Baterias Moura diversified their product outside of automotive batteries, they produce UPS and energy storage systems. Sunred Energy Brasil offers cutting-edge products for various applications. This company actually originates from Shenzhen, China and expanded their business to Brazil.
In Brazil, the number of electric and hybrid vehicles reached 10,600 units in 2018, according to data from the Brazilian Association of Automotive Vehicle Manufacturers (ANFAVEA).
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