China’s BYD scouts to buy Brazilian lithium assets

BYD intends to secure raw material sources to facilitate the expansion of its electric car production beyond Asia.

October 13, 2023

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BYD intends to secure raw-material sources. Credit: phetsamay philavan/ shutterstock.com.

Chinese electric vehicle (EV) manufacturer BYD is looking to acquire lithium mining assets in Brazil, reported Bloomberg News.

The move comes as the company intends to secure raw material sources to facilitate the expansion of its electric car production beyond the Asian market.