China EV maker BYD to build $290 mln battery component plant in Chile

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China EV maker BYD to build $290 mln battery component plant in Chile
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China's BYD Co Ltd , , the world's largest electric vehicle (EV) maker, plans to build a $290 million lithium cathode factory in Chile's northern Antofagasta region, said Chilean economic development agency CORFO.

Women walk in front of the logo of Chinese car manufacturer BYD Auto stage before the opening of the 15th Shanghai International Automobile Industry Exhibition in Shanghai April 19, 2013., , the world's largest electric vehicle maker, plans to build a $290 million lithium cathode factory in Chile's northern Antofagasta region, said Chilean economic development agency CORFO.

BYD, which supplies electric buses for Chile's public transportation system, did not immediately respond to requests for comment on Friday.

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