https://www.teslarati.com/byd-ford-plant-ev-production-facility/
BYD converting ford facility in Brazil[10:31 PM]Earlier this month, BYD was in talks with Brazilian supplier Sigma Lithium. As per Financial Times, BYD and Sigma Lithium are discussing a potential supply agreement, joint venture, or even an acquisition. The Chinese company is willing to invest up to $2.9 billion in the Brazilian lithium supplier. BYD’s potential deal with a local lithium supplier hints that it is already working on localizing its integrated supply chain in Brazil. The automaker’s strategy is similar to Tesla’s with gigafactories outside the United States. Like Tesla, BYD has recently made moves to improve its new energy vehicles. For instance, it plans to stop pouch-type battery production amid durability concerns. BYD also announced a $14 billion investment in smart car technology, including ADAS.
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