A specialist panel tasked with formulating battery strategy also set a target of securing 30,000 trained workers for battery manufacturing and supply chains by 2030.
Lithium prices have jumped almost 80% in China this year, with the recent power crunch in Sichuan, home to over one-fifth of the country’s lithium production, adding impetus to the rally.
The newly approved plan will cost the company $52 million in investments and measures taken to address six environmental infractions detected by Chile's regulator.
In a paper published in the journal Nature, the researchers explain that the new battery architecture uses aluminum and sulphur as its two electrode materials.
The company estimates it will take three years to permit and build the graphite manufacturing facility and on average, the plant would produce about 49,615 tonnes of anode material per year.
Miners operating in Europe say prospects for getting projects underway look uncertain because of a lengthy permitting framework and fervent local opposition.