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Chinese EV giant BYD mulls buying Brazilian lithium mines

The world’s largest electric vehicle producer, China-based BYD, is considering buying lithium mining assets in Brazil to shore up supply of the raw mineral for processing at a currently under-construction EV factory within the country.

Nathan Richardson
The Superintendent of Labor and Employment of Bahia, Fátima Freire, participated in the laying of the cornerstone of the three factories of the Chinese automaker BYD in Camaçari, Salvador, Bahia, on October 9. Source: Brazilian government.

The Superintendent of Labor and Employment of Bahia, Fátima Freire, participated in the laying of the cornerstone of the three factories of the Chinese automaker BYD in Camaçari, Salvador, Bahia, on October 9. Source: Brazilian government.

"We prefer to buy any available and affordable resource, but it needs to be competitive," BYD's global vice-president, Stella Li, told Bloomberg in an interview in Sao Paulo late last week. "At the...

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