Bolivia Announces $1 Billion Deal With CATL Unit to Build Lithium Plants

The headquarters building of Chinese EV battery giant CATL (Contemporary Amperex Technology Co., Limited) in Ningde, in southeast China's Fujian province on November 15, 2024. GREG BAKER / AFP

Bolivia said Tuesday it had signed a $1 billion deal with China’s CBC, a subsidiary of the world’s largest lithium battery producer CATL, to build two lithium carbonate production plants in the country’s southwest.

Bolivia’s state-owned Bolivia Lithium Deposits (YLB) said the plants — one with an annual capacity of 10,000 tons of lithium carbonate and the other of 25,000 – would be situated in the vast Uyuni salt flats.

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by Agence France-Presse

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