[BYD gets preferential prices for lithium battery raw materials in Chile] Chilean state-owned company Corfo announced on its website on April 19 that it would grant BYD Chile qualified lithium producer status so that it could receive preferential prices for battery-grade lithium carbonate quotas. BYD's "BYD Chile Lithium Cathode Plant" project in Chile's Antofagasta region will receive a supply of 11244 tons per year from SQM Salar until 2030. The plant has an annual production target of 50, 000 tons of LiFePO4 (lithium iron phosphate battery) materials with an investment of at least US $290 million. The factory will be put into production by the end of 2025.