It’s been a good time to be BYD, the Chinese automaker known for offering a wide range of electric vehicles. Reuters reported that BYD’s 2024 vehicle sales put it above the likes of Honda and Ford in terms of global sales. (Keep in mind that that’s also without having a presence in the U.S. market.) And if you’re a growing EV manufacturer, there are plenty of things you’ll need more of — with lithium high on that list.
As Fabio Teixeira reports at Reuters, the search for more lithium could lead to BYD expanding its mining operations to other corners of the globe. To be more specific, the EV company might soon be doing a lot more digging in Brazil. A review of public documents revealed that Exploracao Mineral do Brasil, a company owned by BYD, obtained mining rights for two different stretches of land in Brazil’s Jequitinhonha Valley.
Teixeira points out that these two potential mining sites are also relatively…
