Exclusive: China's BYD holds mining rights in Brazil's Lithium Valley, documents show
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BYD, a Chinese electric carmaker, has acquired mineral rights for two plots in Brazil's lithium-rich region, marking its entry into the mining business in its largest market outside China.
February 14, 2025 | 3:30 am
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BYD has acquired mineral rights in Brazil's lithium-rich region, expanding its operations into mining in its largest market outside China.
BYD's acquisition of mineral rights in Brazil's lithium-rich region is a strategic move to secure resources for its electric vehicle production. This expansion into mining could enhance its supply chain and reduce costs, positively impacting its stock price.
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