BYD looks to buy lithium assets in Brazil
BYD is mulling the purchase of lithium mining assets in Brazil as it seeks to lock in raw-material supplies to expand its electric car production outside Asia.
The Chinese company’s new EV factory in Brazil will include a unit to process lithium and iron phosphate for the international market and BYD hopes it will be able to finish work in less than two years, according to Stella Li, BYD’s global vice-president.