BYD backs out on plans to build lithium plant in Chile
Chinese electric vehicle (EV) giant BYD has canceled US$290m plans to build lithium cathode plants in Chile, citing a collapse in global lithium prices. The project was not only a part of Chile’s strategy to boost domestic lithium processing, but also part of BYD’s ongoing efforts to diversify its global supply chain into other regions.
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Originally posted on: https://www.automotiveworld.com/news/byd-backs-out-on-plans-to-build-lithium-plant-in-chile/