Chinese battery manufacturer CATL buys stake in Canadian company Neo Lithium

Posted by kachalo on 27 ноября, 2021 in phoenix | Short Link

Chinese company

Thanks to this deal

neo lithium plans to reach production capacity of about

For lithium reserves in the «big lithium triangle» of Latin America, located in the borderlands of Bolivia, Argentina and Chile, there is not only great competition, but a real struggle between manufacturers of batteries and electric vehicles. At the end of 2018, another Chinese company, Ganfeng Lithium, acquired all the shares of the Chilean lithium producer SQM in the Cauchari-Olaroz project in Argentina and a 62.5% stake in the Canadian company Lithium Americas Corp. They all earned the Cauchari-Olaroz mine, an 82,500 hectare mining area in northern Argentina. In both scenarios, we see the consolidation of lithium assets in the hands of Chinese companies.

tesla also negotiated with SQM. Toyota bought Australian lithium maker Orocobre through its Toyota sales company Tsusho in early 2018. True, it is not clear why the #toyota leadership did this, given their little enthusiasm for electric vehicles. Although, having such an asset in your portfolio is profitable in any way.

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