The report stresses how the Asian country is ensuring access to essential metals such as lithium, abundant in Latin America. It also uses any negotiation to monopolize this key material to manufacture batteries for EVs.
To ensure constant supply of lithium, Beijing is developing the port of Chancay, in Peru. The mega port, which seeks to be the largest maritime port in the South American Pacific and a key exchange point between Asia and the region.
In Brazil, Chinese battery manufacturer BYD plans to build an export base for Latin America. In Argentina, Chinese companies Chery and Gotion have joined forces to manufacture 20 electric vehicle models near their lithium reserves. In Mexico, several Chinese companies are already assembling vehicles with a view to exporting to the United States.
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