EU Working on E-Bus for Lithium Deal With Latin American Nations
- Seeks to counter China stronghold on green energy supply chain
- EC working on a consortium to supply e-buses to Latin America
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European Union officials are working on a plan that can help provide electric buses to Latin American nations in exchange for lithium supplies, as they seek to curtail the bloc’s reliance on China for this critical raw material.
The European Commission, the bloc’s executive arm, is in talks with automakers and governments to create a private sector consortium that can supply e-buses to Latin America, according to people familiar with the plan who did not want to be named as the discussions are private. In return, this will facilitate access to lithium deposits for the EU firms in these resource-rich countries, they said.