A remote salt lake in the Chinese inland province of Qinghai is home to 83% of the country's lithium deposit. Electric car maker moves in The photos showed Wen Jiabao, Zhang Dejiang, Li Changchun, Zhao Leji, Li Keqiang and other high-level dignitaries. The metal is crucial for the development of electric vehicle (EV) batteries and China is the second richest country in terms of reserves, after Chile. But a new study suggests that China's lithium reserves are not as large as previously thought. Companies such as major Chinese EV maker BYD have begun setting up factories in the area after securing a concession for recovering lithium.
A remote salt lake in the Chinese inland province of Qinghai is home to 83% of the country's lithium deposit. The metal is crucial for the development of electric vehicle (EV) batteries and China is the second richest country in terms of reserves, after Chile. But a new study suggests that China's lithium reserves are not as large as previously thought. Companies such as major Chinese EV maker BYD have begun setting up factories in the area after securing a concession for recovering lithium.