China’s embassy in Chile refutes claims that BYD and Tsingshan have pulled out of lithium projects, reaffirming Chinese interest in Chile’s lithium strategy and bilateral cooperation.
The withdrawal of Chinese companies BYD and Tsingshan from Chilean lithium projects highlights serious bureaucratic and policy failures in the government’s lithium strategy, despite official efforts to downplay the setback.
Two major Chinese companies, BYD and Tsingshan, have pulled out of lithium industrialization projects in northern Chile, citing market shifts and bureaucratic delays.
China’s CATL launches sodium-ion batteries, signaling a strategic shift away from lithium and posing long-term challenges for Chile’s mining sector.