Bolivia container energy storage lithium battery manufacturer

Does Bolivia have a lithium plant?

This follows a deal between Bolivia’s state-run lithium company, Yacimientos del Litio Bolivianos (YLB), and a Chinese consortium. CATL agreed to invest over $1 billion in the project’s first stage for rights to develop the two lithium plants. Despite being a global leader in electric vehicle batteries, CATL does not currently produce any lithium.

What's going on with Bolivia's largely untapped lithium reserves?

Sources In a significant move towards the development of Bolivia's largely untapped lithium reserves, Chinese battery giant CATL has confirmed a $1.4 billion investment. The deal, which was cemented on Sunday, is a continuation of a partnership with the Bolivian government that was established in January.

Will Bolivia build a lithium plant in the salt flats?

The agreement focuses on Bolivia’s salt flats, known for their vast lithium resources. Bolivian President Luis Arce confirmed the plan to build two lithium plants in the country’s Uyuni and Oruro salt flats after meeting with CATL executives. He announced a $1.4 billion investment and hinted at possible future investments up to 2028.

Does Bolivia have a lithium plant in Salar de Uyuni?

Download Full Statement June 11, 2022: AUSTIN – For 15 years Bolivia has been trying to produce lithium. EnergyX was honored to be one of 8 companies selected in an international tender for this purpose, and was the only company to successfully deploy and commission their technology in Salar de Uyuni with a live pilot plant.

Which companies have been selected for lithium exploitation projects in Bolivia?

Bolivian National Strategic Public Company for Lithium Deposits (YLB) has selected companies from China, Italy, France, and Australia for lithium exploitation projects. The chosen companies, CBC, Protecno, Eramet, and Eau Lithium, were evaluated based on technological maturity and other critical factors.

Why did CATL invest $1.4 billion in Bolivia?

Chinese battery giant CATL, a global leader in electric vehicle batteries, has confirmed a $1.4 billion investment. This investment aims to develop Bolivia’s untapped lithium reserves and marks a new phase in the CATL-Bolivia partnership. The agreement focuses on Bolivia’s salt flats, known for their vast lithium resources.