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[ECON] Lithium Mines in Ukraine Open + Ukrainian Electric Vehicles
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rubbishbailey is in ECON
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Flag of the Government of Ukraine

Flag of the Ministry of Infrastructure


Ukraine is stated to have Europeā€™s largest lithium reserves, this is true and it is thanks to the mines within our country, we are able not only to provide for all of Europeā€™s electrical vehicular needs for the next 40-years but also are able to completely revolutionize the automobile market within Ukraine!

The Polokhivske lithium mine has officially opened as the first deposits were extracted. This mine has approximately 800,000 tons of lithium while the two larger ones are located within Donbass and Kirovograd. The total amounts are projected to be approximately 37 million tons with potential for more! Itā€™s with this that Ukraine will step into the spotlight once again.

  • Kirovograd

The surveys shall begin immediately as well as rapid acquisition for half of Ukraineā€™s, and for that matter one of the worldā€™s single largest deposits (12 million tonnage), total lithium reserves. This mine is projected to be operational in 2027, again construction will be underway in the interim.

KrAZ

KrAZ is one such company that has also recognized the necessity for ā€œgoing-green,ā€ and in part with the Ministry of Infrastructure has begun to craft plans for their civilian lines to become completely electric with a slow and gradual push for virtually all military mobility and transportation vehicles to become electric as well by the year 2040.

In its immediate duration, the first KrAZ electric civilian trucks should be modeled and completed by 2026 with the Kremenchuk Plant (AvtoKrAZ) expanding to allow for such adjustments for these trucks.

LAZ

LAZ (Lviv Automobile Plant) is one of many bus manufacturing companies within Ukraine but are some of the first to receive a subsidy from the government entirely designed for electric buses. The hope is by 2030, all of Ukraine will be utilizing LAZ and Bogdanā€™s (more to follow below) electric buses for their daily transportations and needs with hopes to export upon release.

Bogdan

Another company hopeful to create some competition with LAZ in leading contracts across the country. The Bogdan Group, hosted and once owned by the Masterminds from France the Bogdanoffs, is home to the most modern auto-manufacturing facilities within Ukraine and produces 150,000 cars per year. However, now with another subsidy to the company in the form of $850m to design electric vehicles for all state infrastructure use, the company has been buzzing to get to work.

Everything from military vehicles to trolley buses are due to have an electric rehaul by 2031 but more importantly, the Bogdan Group are expected to have a leading edge as theyā€™ve already been building electric trucks and vehicles since 2018. Now this will be expanded as more and more companies are expected not only to go green but maintain their full profits off of it.


Edit: The mines are at 5 million tons, not 27 million.

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President Volodymyr Zelensky of the Republic of Ukraine

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3 years ago