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With criticism of government: Byd and another Chinese firm renounce to develop lithium projects in Chile | Economy

With criticism of government: Byd and another Chinese firm renounce to develop lithium projects in Chile | Economy
With criticism of government: Byd and another Chinese firm renounce to develop lithium projects in Chile | Economy
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Two Chinese companies, the Automotive Byd and Tsingshan Holding Group, projects had been awarded through the Corporation (Corfo) to battery production plants and lithium cathodes, in Antofagasta and mussels, respectively.

However, according to financial daily, sources indicated that The two companies renounced the that was framed in the lithium strategy.

But that’s not all: They criticized the government for changing the Rayados de Cancha on the way and putting obstacles, that is, alluded to the questioned “permissology.”

A year ago, in fact, the disagreements between Byd and the Executive were already made public.

Specifically, in May 2024, it was known that Byd had determined to postpone the project of a lithium cathode plant in Antofagasta, accusing several difficulties, one of them, the permits.

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From the Ministry of Economy they insisted on that that there was a table to find solutions.

Both the automotive and Tsingshan Holding Group, said Diario Financiero, also gave up because in all this time The market conditions changed and the of lithium dropped.

In a similar context, it should be remembered that in 2023 Syovac, also of the Asian giant, said that he gave up building a vaccine plant in national soil, accusing that the land did not meet the necessary conditions for the development of the center.

He transferred the investment of US $ 100 million to Colombia.

On that occasion the government was placed for having left such an investment. He replied that the company’s decision was based on “market size.”

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