INSUBCONTINENT EXCLUSIVE:
Chinese electric vehicle manufacturer BYD has expanded its operations in Brazil
secure critical raw materials for its EV batteries as global demand for lithium intensifies
The Lithium Valley offers a significant opportunity for lithium extraction.Brazil is emerging as a key player in the global market
Regulatory reforms in 2022 eased restrictions on lithium exports, attracting foreign investment.This positions Brazil to increase its share
of global lithium production from 2% to 25% by 2030
annually.BYD Secures Lithium Rights in Brazil to Bolster EV Supply Chain
This type of deposit allows for simpler and more cost-effective extraction
It is more efficient than brine-based methods, which are commonly used in countries like Chile.Production costs in Brazil range between $400
This makes it an attractive option for companies like BYD
However, mining projects often take years to reach full production, and BYD has yet to announce specific plans for its new holdings.This
partnerships.As demand for lithium surges due to the energy transition and EV adoption, BYD is making a strategic move into Lithium Valley
This move underscores its commitment to securing resources that are critical for its supply chain
