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CATL Commits $1.4 Billion to Develop Lithium Production Plants in Bolivia

The investment is expected to increase to $9.92 billion by 2025

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China-based battery manufacturing and technology company Contemporary Amperex Technology (CATL) has pledged an investment of $1.4 billion to build two lithium production plants that will utilize Direct Extraction of Lithium technology and will be located in the salt flats of Uyuni, Potosí, and Coipasa, in the city of Oruro in Bolivia.

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