BYD States that Terms of Chile's Lithium Project Have Not Been Finalized, Anticipates Delayed Launch" BYD has indicated that the timeline for its lithium project in Chile remains uncertain, and it will continue negotiations with Chilean authorities. In April last year, BYD was granted the privilege to acquire lithium carbonate produced by SQM in Chile at a preferential price, to supply raw materials for a plant intended to commence production of lithium iron phosphate cathode materials by the end of 2025. Speaking to the media in Shenzhen on Monday, Li Ke, BYD's Executive Vice President, said that the terms have not been finalized yet, and the expected launch date will be postponed. She added that the company must ensure a favorable deal. Li Ke stated that the company is still in talks with the local government, and the decision now lies in the hands of the government.