LA PAZ (Reuters)-
Bolivia will produce and sell lithium batteries together with the German company ACI Systems GmbH, which will invest $1.
3 billion in the project, the manager of the lithium mine bed in the country told Bolivia national radio on Saturday.
Like Argentina and Chile, Bolivia is also part of South America.
Known as the "Lithium Triangle", it is one of the world's largest key mineral pools for automotive battery production.
"The German company ACI Systems was selected as a strategic partner," Juan Carlos Montenegro, head of state --
Radio Bolivian a Nueva said that it owns the Bolivian lithium deposit company, or YLB, the initials in Spanish.
He said the joint venture agreement will be signed as soon as possible to start operations in about 18 months.
Bolivia accounts for almost 25 of the world's lithium resources.