China's Fulin drops plan to build battery parts in Chile
China's Sichuan Fulin Transportation Group has ditched a project to build parts for electric vehicles in Chile, the government said on Thursday, leaving in tatters a nascent EV battery industry in the South American nation.
Fulin and two other corporate investors won a 2018 government auction for a coveted, 27-year supply of ultralight battery metal lithium. In exchange, the companies said they would build battery parts factories in the north Chilean desert.