Chinese electric carmaker BYD acquired mineral rights for two plots of land in a lithium-rich part of Brazil in 2023, entering the mining business in its biggest market outside of China, according to public records reviewed by Reuters.

Chinese electric vehicle (EV) manufacturer BYD secured mining rights for two plots in Minas Gerais, Brazil's lithium-rich region also known as Lithium Valley, in 2023.

Chinese EV giant BYD (SZ:002594) has acquired mineral rights in Brazil, marking a major step into lithium mining in its largest market outside China. The acquisition, made in late 2023 through its subsidiary

By Fabio Teixeira RIO DE JANEIRO (Reuters) -Chinese electric carmaker BYD acquired mineral rights for two plots of land in a lithium-rich part of Brazil in 2023, entering the mining business in its biggest market outside of China,

The world’s largest EV maker does not look to be slowing down anytime soon. Newly discovered documents show that