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BYD lithium cathode plant in Chile postponed due to uncertainty

Chinese electric car manufacturer BYD has postponed the start date of production at a lithium cathode plant that it plans to build in Chile, the company’s director for the Americas told Reuters on Tuesday.

BYD Americas CEO Stella Li stated that I wasn’t sure how long the delay would last, citing “uncertainty” around the situation.

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On the other hand, the Chinese automotive company introduced a mid-size hybrid pickup truck called Shark on Tuesday, at an event held in Mexico, a country where the company said in February that it is looking for a place to set up a production plant.

The presentation It is the first in which the world’s largest electric vehicle (EV) manufacturer launches a new product outside its home country, BYD Americas CEO Stella Li said at the event.

BYD chose Mexico to launch the Shark due to its rapid demand for pickup truckshe added.

The model is intended to address common drawbacks of pickup trucks, such as high fuel consumption and poor handling and control, according to Li.

Stella Li

In Mexico, it will compete with compact and medium-sized trucks such as the Toyota Tacoma and the Ford Ranger. The size and features of the Shark are consistent with vehicles sold in the United States, although BYD did not say it will offer the Shark in that market, but exclusively in Mexico.

US President Joe Biden announced new tariffs on Chinese products on Tuesdayincluding one of 100% on the Asian giant’s electric vehicles.

Shark, whose image is inspired by a shark, according to company executives, can travel up to 100 kilometers (kms) in EV mode, according to a BYD brochure, and up to 840 kms using electric and combustion methods.

The truck consumes 7.5 liters of fuel every 100 km traveled, the brochure details.

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