Chinese private equity firm GSR Capital is expected to purchase shares of around 20 % , worth roughly $ 1.9bn , in one of the world 's largest lithium producers , Chile 's Sociedad Quimica y Minera , sources have said . This move is in line with the Chilean government 's vigorous promotion of electric vehicles in a bid to combat air pollution and compete with cars in the fast - growing market .
Chinese private equity firm GSR Capital is looking to purchase stake of around 20%, worth roughly $1.9bn, in one of the world's largest lithium producers, Chile's Sociedad Quimica Y Minera, sources have said. This move is in line with the Beijing government's vigorous promotion of electric vehicles in a bid to combat air pollution and compete with rivals in the fast-growing industry.