LA PAZ : Chinese battery giant CATL confirmed a $1.4 billion investment to help develop Bolivia's huge but largely untapped reserves of lithium, cementing on Sunday a partnership with the government made in January.The agreement connects CATL, the world's largest manufacturer of electric vehicle batteries
LA PAZ : Chinese battery giant CATL confirmed a $1.4 billion investment to help develop Bolivia's huge but largely untapped reserves of lithium, cementing on Sunday a partnership with the government made in January.
Following a meeting with CATL executives on Sunday, Bolivian President Luis Arce confirmed the commitment to build two lithium plants to extract minerals from the country's Uyuni and Oruro salt flats. Construction of both plants could begin as soon as July, according to the country's energy ministry, with overall investment climbing to around $9.9 billion during the project's industrial process.
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