Tesla's top China rival is exploring a faster method for lithium mining in Latin America — and offering free patents to build the industry
The goal would be for the company to establish in Chile the same direct lithium extraction, or DLE, method used in China, Li said. At the same time, BYD would be able to uplift the local commodity sector.
"BYD is ready to bring advanced DLE technology to Chile, and also we will develop R&D patents locally and offer free patents to the Chilean government to help Chile build up this industry,"Meanwhile, data from Benchmark Mineral Intelligence suggests the electric vehicle boom is going to squeeze lithium reserves in the coming years. It's possible, per the report, that more thanin locations where it's mined.
The two company's record delivery figures suggest that plenty of consumers do indeed want to go electric, but for Tesla in particular to resolve its production and delivery disparity, analysts say more
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