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BYD acquires lithium-rich land in Brazil to secure supply for electric vehicle production.
BYD, a major Chinese electric vehicle manufacturer, has acquired mineral rights to 852 hectares in Brazil's lithium-rich "Lithium Valley" in Minas Gerais.
This move aims to secure a stable lithium supply and supports BYD's global expansion strategy, particularly in Latin America.
The acquisition was made by BYD's subsidiary Exploracao Mineral do Brasil and completed in late 2023.
2 months ago
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