Chinese investment in lithium batteries and electric cars to be announced

Chinese investment in lithium batteries and electric cars to be announced

The tour will address a number of strategic issues; among them, sustainable mobility that appears as a great opportunity for Argentina. It is estimated that the country has the third largest lithium reserve in the world. The great economic powers took note and seek to guarantee access to this mineral. The Xi Jinping government has been expanding its investment portfolio in the field and during 2022 it will add projects in Argentina.

A senior government official aware of the negotiations told Ámbito that President Alberto Fernández will participate in a series of investment announcements related to electromobility during his tour of China. Among them, the Chery company that will install a plant for the manufacture of electric cars in the province of Santa Fe. At the same time, it will confirm a series of initiatives for the production of lithium batteries in the country.

The Government is committed to turning Argentina into a regional benchmark in the sector. For that, it promotes a bill that contains tax benefits for those who locate investments and also includes incentives for consumers. The intention of the ruling party is that the regulations can be discussed in the extraordinary sessions of Congress.

The visit will take place in a special context, since it is the fiftieth anniversary of diplomatic relations between the two countries. Although the Argentine ambassador, Sabino Vaca Narvaja, continues to work on the logistics that will be deployed when the officials arrive, Ámbito learned that there will be a strong health operation to generate bubbles and that the delegations will be limited. Therefore, the person in charge of signing a series of agreements in strategic areas will be Foreign Minister Santiago Cafiero.

As this medium anticipated, the most important agreement will be the Silk Road, the global infrastructure and trade plan that China promotes throughout the world. But specific agreements will also be signed by area: science and technology, communication, production, education and agriculture, among others. There will also be relevant news for the nuclear sector, progress in the purchase process of two medicinal radioisotope reactors from INVAP will be made official.

Source From: Ambito

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