Tech Insider: CATL Consortium to Mine Bolivia’s Lithium, Profits for Solar-Silicon Makers Soar

Welcome to Caixin’s Tech Insider, your twice-weekly wrap on the movers, shakers and deal-makers in China’s tech scene.

CATL-led consortium selected to develop lithium deposits in Bolivia

The Bolivian government has chosen a Chinese consortium led by electric-vehicle battery giant Contemporary Amperex Technology Co. Ltd. (CATL) to invest more than $1 billion in developing local untapped lithium deposits, with a goal of producing lithium batteries in the South American country by 2025.