Why is Iran launching a lithium battery plant in March?

The defense ministry launched Iran's largest plant for production of lithium battery packs in March to increase production capacity by 35% and to remove any need for imports of the product. Iran’s capacity for production of lithium batteries is expanding to help its electrification drive.

Can Iran make lithium batteries for electric vehicles?

Reza Shojaei, who serves as a deputy head at the Iranian defense ministry’s department for energy resources, said on Tuesday that Iran has the technology needed to design and manufacture lithium batteries that are used in electric vehicles.

How much does electricity cost in Iran?

As of 2010, the consumer price of electricity in Iran was 1.6 US cents per kilowatt hour while the real production cost was about 8.0 US cents. (See also: Cost of electricity by source) In 2010, 900,000 jobs were directly or indirectly related to the power industry in Iran.

Could Iran's lithium reserves be a game-changer for China?

In this ongoing chess match over the security of lithium supply chains, Iran’s lithium reserves mark a potential game-changer for China’s present reliance on foreign suppliers such as Australia, Brazil, Canada and Zimbabwe, which make up 70–74% of its lithium imports.

What is the electricity system in Iran?

The electricity system in Iran consists of power generation, transmission, and distribution activities. Thermal power and hydropower are the primary sources used for electricity generation in the country.

Could Iran's lithium reserves disrupt global power dynamics?

Iran’s lithium reserves are still veiled in mystery, yet they carry the potential to disrupt the existing power dynamics in the global lithium race.