Author: Fundación Andrés Bello

Brazil and China seal new trade agreements

Brazil and China have jointly announced the establishment of a Clearing House to facilitate business transactions and loans between the two nations, bypassing the need for the U.S. dollar. The Industrial and Commercial Bank of China will serve as the operating bank for the Clearing House in Brazil, enabling Brazilian and Chinese businesses to conduct transactions and loans using the yuan instead of exclusively relying on the dollar, as it has been the case until now.
Fundación Andrés Bello

EPM signs contract with Chinese company to promote solar energy project in Colombia

The Colombian company EPM has signed a contract with Powerchina International Group Limited, Colombia branch, to implement the Tepuy Photovoltaic Solar Park, its first large-scale renewable energy project in Colombia. This non-conventional renewable energy project will contribute 83 megawatts of renewable energy to the National Interconnected System (SIN), which could supply a city of 400,000 inhabitants.
Fundación Andrés Bello

Sodium-ion batteries: the new China-driven alternative to replace lithium

The Chinese company JAC presented its first electric car powered by a sodium-ion battery, a much more affordable material than lithium. Sodium-ion batteries are the focus of scientific attention given their potential to dethrone lithium as a key mineral in the development of electromobility, which in the future may affect the countries that make up the “lithium triangle” in Latin America.

Fundación Andrés Bello

China and Brazil aim to cooperate in the photovoltaic industry

Chinese electronics company TCL is considering closer cooperation with Brazilian home appliance manufacturer SEMP. SEMP founder Affonso Brandão Hennel and TCL Group president Li Dongsheng met in Shenzhen, China, to explore opportunities to collaborate and expand their joint business into the photovoltaic sector.
Fundación Andrés Bello

Chinese Minister of Environment highlighted Costa Rica’s contribution to COP15.2

Huan Runqiu, President of COP15 and Minister of Ecology and Environment of China, sent a formal note to the Minister of Environment and Energy of Costa Rica, Franz Tattenbach, to highlight the work of the Costa Rican team at the United Nations Biodiversity Summit (COP15.2). In the message, he acknowledged Costa Rica’s great contribution to achieving the agreement to include the 30×30 target presented by the High Ambition Coalition, which has significantly increased the visibility of COP15 and the conservation of global biodiversity. The COP15 President highlighted the dedication, determination, and leadership of the Costa Rican team during the COP15.2 negotiations.

Fundación Andrés Bello

Boost from China and growing demand: Electric car market in Peru

Photo: Electric Car recharging.jpg. By: Michael Movchin/Felix Müller. Source: WikiCommons. SUNARP figures indicate that that the sale of electric and hybrid vehicles in Peru has grown significantly in recent years. In 2022, 2,680 units of these vehicles were sold, representing an increase of 84.21% over the previous year. Conventional hybrids were the most marketed, followed […]
Fundación Andrés Bello

Chinese vehicles landing in Latin America

Photo: 2015 BYD e6 “Taxi”. By: harry_nl. Source: Flickr. Several Chinese vehicle manufacturers have begun to see Latin America as an important place to establish new plants. In late 2022, Build Your Dreams (BYD) announced that it would be building three new factories in Sao Paulo, Brazil; two will produce chassis for buses, trucks, and […]
Fundación Andrés Bello

A Chinese company will invest US$120 million in lithium production in Jujuy, Argentina

The Chinese company Tsingshan Mining Development S.A. will invest US$120 million to install a hydrogen chloride and sodium hydroxide manufacturing plant in Jujuy, Argentina, to produce lithium carbonate. Construction work is expected to last 18 months and employ more than 1,000 people for the construction period, and some two thousand skilled workers during its operational stage. Tsingshan Holding Group Co., Ltd. operates in the Mining and Metals sector, mainly in the stainless-steel industry.
Fundación Andrés Bello

Chinese automaker prepares vehicle plant in Mexico

n April 2023, Jetour will market two gasoline-powered SUVs imported from China. By the end of the year, it will introduce a hybrid unit and in 2024 it will invest in the plant for combustion and electric vehicles. The brand is currently lobbying with different governments – among them Aguascalientes and Guanajuato – to define an investment that could reach 1 billion dollars.
Fundación Andrés Bello

Ecuador’s Public Prosecutor’s Office to file bribery charges in Sinohydro case after four-year investigation

The Ecuadorian Attorney General’s Office will finalize the investigation of the so-called INA Papers. After almost four years of investigation, the entity has renamed the process the Sinohydro case. The investigation focuses on a criminal structure that allegedly collected $76 million in bribes to the Chinese company Sinohydro, responsible for the construction of the Coca Codo Sinclair hydroelectric power plant during the government of Rafael Correa.

Fundación Andrés Bello
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