July 6

China’s BYD Joins Latin America Lithium Rush to Feed Electric-Car Switch

Chinese electric-vehicle juggernaut BYD Co. is joining a Latin American lithium rush in a bid to lock in more supplies of the metal that’s a key component in EV batteries.

In Chile, the nation with the biggest reserves of lithium, BYD is holding talks with authorities and companies including SQM on a new extraction technology, while in Brazil it’s working on a small standalone project, Executive Vice President Stella Li said in an interview Tuesday.

Photo courtesy of DDOT DC.

Source: Bloomberg (link opens in a new window)

Energy, Technology
electric vehicles, mining, transportation