During the global race for vehicle electrification and energy transition, natural resources play a fundamental role in the development of new technologies.
In the specific case of Bolivia, there are important deposits of Lithium, one of the essential minerals in the manufacture of batteries for electric cars. According to the United States Geological Survey (USGS), reserves are found in 17 countries, with those of the highland country being one of the largest in the world, with 9 million metric tons.
Taking advantage of these resources and appealing to interesting innovations, the Bolivian company Quantum Motors inaugurated a Lithium battery factory, with the aim of promoting electromobility. The complex is located in the city of Cochabamba, in central Bolivia.
The 5,000 square meter factory assembles two models of electric vehicles, E2 and E3, equipped with lead-acid batteries that will now be completely replaced with lithium-ion batteries.
The CEO of Quantum Motors, José Carlos Márquez, explained that the factory is an industry that was born as a vertical integration for the company, but that, at the same time, it becomes a supplier of lithium battery packs to other companies, inside and outside Bolivia, in very important volumes, as much as for 2,000 motorcycles per month.
“With Quantum Batteries we mark a very important milestone in this story, because batteries are the real heart of electric vehicles and urban electromobility is the future in Latin America,” he said.
About Quantum
Quantum Motors is the first industry dedicated to the manufacture of electric vehicles in Bolivia. The complex started operations in 2019, produces 300 vehicles annually and already markets its products in Mexico, Paraguay, El Salvador and Peru.
The main objective of the Bolivian company’s managers is to promote urban electric mobility, which they assure will mark the new way of getting around in the region. In this sense, Quantum Motors will focus its efforts on integrating more components to those already manufactured in Bolivia, mainly in terms of batteries.
