Caixin
Jan 17, 2022 07:37 PM
BUSINESS

BYD’s $61 Million Chile Lithium Deal Hits the Rocks

BYD showcases electric vehicle batteries at its booth at the Shanghai Auto Show on April 25. Photo: VCG
BYD showcases electric vehicle batteries at its booth at the Shanghai Auto Show on April 25. Photo: VCG

BYD Co. Ltd.’s multimillion-dollar lithium mining deal with Chile has been suspended by a local court, just two days after the Chinese electric-car and battery maker won a quota of 80,000 tons of the sought-after metal.

The Court of Appeals of Copiapó accepted an appeal filed by the Atacama regional government against the bid and requested the mining minister submit related reports within 10 days, according to a notice (link in Spanish) published by the court on Friday.

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