{"id":20755,"date":"2023-07-14T05:00:00","date_gmt":"2023-07-14T10:00:00","guid":{"rendered":"https:\/\/latamobility.com\/?p=20755"},"modified":"2023-07-13T20:28:03","modified_gmt":"2023-07-14T01:28:03","slug":"byd-to-begin-ambitious-lithium-processing-project-in-chile","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/byd-to-begin-ambitious-lithium-processing-project-in-chile\/","title":{"rendered":"BYD to Begin Ambitious Lithium Processing Project in Chile"},"content":{"rendered":"\n<p>The Asian manufacturer <strong>BYD<\/strong>, one of the world leaders in the production and commercialization of electric vehicles on a global scale, took another key step in its expansion strategy in Latin America.<\/p>\n\n\n\n<p>According to the portal <strong>Reporte Minero<\/strong>, the company sent a specialized team to carry out lithium processing work. <\/p>\n\n\n\n<p>The project seeks to build <strong>a lithium cathode factory in the north of Chile, with an investment of 290 million dollars<\/strong>.<\/p>\n\n\n\n<p>This strategic decision seeks to take advantage of the country&#8217;s abundant lithium reserves and establish direct access to the resources needed for battery production.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-incentives\"><strong>Incentives<\/strong><\/h2>\n\n\n\n<p><strong>The start of the program comes after BYD obtained preferential access to lithium carbonate prices in Chile in April of this year<\/strong>. <\/p>\n\n\n\n<p>The Chilean government recognized the Asian brand&#8217;s plant construction plans and granted this special status, allowing the company to <strong>secure a stable and competitively priced supply of this key component in the manufacture of lithium cathodes<\/strong>.<\/p>\n\n\n\n<p><strong>Stella Li<\/strong>, <strong>BYD<\/strong>&#8216;s Executive Vice President, highlighted the company&#8217;s willingness to collaborate with the Chilean authorities and offer its technology.<\/p>\n\n\n\n<p>This cooperative approach is particularly relevant as the Chilean government is implementing <strong>a new lithium extraction model that will give the state a stake in new projects<\/strong>.<\/p>\n\n\n\n<p>In addition, the government is encouraging downstream investments in the lithium production chain, which creates opportunities for companies like <strong>BYD <\/strong>to collaborate.<\/p>\n\n\n\n<p><strong>BYD&#8217;s plant is expected to start producing iron phosphate and cathode lithium by the end of 2025<\/strong>.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-booming-market\"><strong>Booming Market<\/strong><\/h2>\n\n\n\n<p>According to figures from the <strong>Chilean National Automotive Association<\/strong> (ANAC), a total of<strong> 601 100% electrified cars were sold between January and May<\/strong>, implying a 35.7% jump compared to the same period in 2022.<br><br>In May, the commercialization of zero or low emission cars registered a 22.9% decrease and 585 vehicles registered with this type of motorization.<\/p>\n\n\n\n<p><strong>Related content:<\/strong> <a href=\"https:\/\/latamobility.com\/en\/santiago-de-chile-to-be-the-latin-american-capital-of-sustainable-mobility\/\"><strong>Santiago de Chile to be the Latin American Capital of Sustainable Mobility<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-chile-welcomes-latam-mobility\"><strong>Chile Welcomes Latam Mobility<\/strong><\/h2>\n\n\n\n<p>As one of the key players in the region in building the largest sustainable community in Latin America, <strong>Latam Mobility<\/strong> arrives in <strong>Chile <\/strong>on <strong>August 27 and 28<\/strong> as part of the <strong>Mobility and Sustainability Tour 2023<\/strong>.<\/p>\n\n\n\n<p>The meeting will bring together <strong>leading personalities from the public sector and private companies, with the aim of offering their perspectives and a snapshot of the current landscape of sustainable mobility in Latin America<\/strong>.<\/p>\n\n\n\n<p>For participation information, please contact <a href=\"mailto:info@investinlatam.org\">info@investinlatam.org<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Asian manufacturer BYD, one of the world leaders in the production and commercialization of electric vehicles on a global scale, took another key step in its expansion strategy in Latin America. According to the portal Reporte Minero, the company sent a specialized team to carry out lithium processing work. The project seeks to build&#8230;<\/p>\n","protected":false},"author":10,"featured_media":20752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[2054],"tags":[1564,1281,1489],"class_list":["post-20755","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-mobility","tag-electric-cars","tag-electric-mobility","tag-sustainability"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.7 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BYD to Begin Ambitious Lithium Processing Project in Chile - Latam Mobility<\/title>\n<meta name=\"description\" content=\"The project seeks to build a lithium cathode factory in the north of Chile, with an investment of 290 million dollars\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/latamobility.com\/byd-iniciara-ambicioso-proyecto-en-chile-para-procesamiento-de-litio\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BYD to Begin Ambitious Lithium Processing Project in Chile\" \/>\n<meta property=\"og:description\" content=\"The project seeks to build a lithium cathode factory in the north of Chile, with an investment of 290 million dollars\" \/>\n<meta property=\"og:url\" content=\"https:\/\/latamobility.com\/byd-iniciara-ambicioso-proyecto-en-chile-para-procesamiento-de-litio\/\" \/>\n<meta property=\"og:site_name\" content=\"Latam Mobility\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/latamobility\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-14T10:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/latamobility.com\/wp-content\/uploads\/2023\/07\/BYDD.png\" \/>\n\t<meta property=\"og:image:width\" content=\"762\" \/>\n\t<meta property=\"og:image:height\" content=\"422\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"Antonio Vilela\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"BYD to Begin Ambitious Lithium Processing Project in Chile\" \/>\n<meta name=\"twitter:description\" content=\"The project seeks to build a lithium cathode factory in the north of Chile, with an investment of 290 million dollars\" \/>\n<meta name=\"twitter:creator\" content=\"@LataMobility\" \/>\n<meta name=\"twitter:site\" content=\"@LataMobility\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Antonio Vilela\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/latamobility.com\/byd-iniciara-ambicioso-proyecto-en-chile-para-procesamiento-de-litio\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/latamobility.com\/byd-iniciara-ambicioso-proyecto-en-chile-para-procesamiento-de-litio\/\"},\"author\":{\"name\":\"Antonio Vilela\",\"@id\":\"https:\/\/latamobility.com\/#\/schema\/person\/fda092a2de1f87d347784282908bad1a\"},\"headline\":\"BYD to Begin Ambitious Lithium Processing Project in Chile\",\"datePublished\":\"2023-07-14T10:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/latamobility.com\/byd-iniciara-ambicioso-proyecto-en-chile-para-procesamiento-de-litio\/\"},\"wordCount\":399,\"publisher\":{\"@id\":\"https:\/\/latamobility.com\/#organization\"},\"image\":{\"@id\":\"https:\/\/latamobility.com\/byd-iniciara-ambicioso-proyecto-en-chile-para-procesamiento-de-litio\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/latamobility.com\/wp-content\/uploads\/2023\/07\/BYDD.png\",\"keywords\":[\"electric cars\",\"ELECTRIC MOBILITY\",\"Sustainability\"],\"articleSection\":[\"Electric Mobility\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/latamobility.com\/byd-iniciara-ambicioso-proyecto-en-chile-para-procesamiento-de-litio\/\",\"url\":\"https:\/\/latamobility.com\/byd-iniciara-ambicioso-proyecto-en-chile-para-procesamiento-de-litio\/\",\"name\":\"BYD to Begin Ambitious Lithium Processing Project in Chile - 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