China denies reports BYD, Tsingshan have scrapped investment plans in Chile-March 2024-www.financetom.com

China denies reports BYD, Tsingshan have scrapped investment plans in Chile

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China denies reports BYD, Tsingshan have scrapped investment plans in Chile

May 26, 2025 5:09 AM

(Reuters) -Chinese automaker BYD and metals group Tsingshan have not said they are backing out of planned investments in Chile, the Chinese embassy in the Latin American nation said late on Thursday.

The embassy added that both firms remained open to dialogue with Chilean authorities. Chile's economic development agency on Wednesday said the two were scrapping multi-million-dollar plans to build lithium cathode plants there.

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