Hyperdrive
Chinese Carmaker BYD Eyes Chilean Lithium Deals in Search for EV Fuel
- Firm is in talks to enter into mining and processing projects
- BYD expects lithium to stabilize from unreasonably high prices
Stella Li
Source: BYDThis article is for subscribers only.
Chinese electric-car juggernaut BYD Co. is looking to get into the lithium business in Latin America and Africa after prices of the key battery component surged to “unreasonable” and “not healthy” levels.
BYD is scouring the world for lithium supplies, Executive Vice President Stella Li said in an interview Tuesday. In Chile, it’s in talks to enter into a mining project and is applying for permits to process the raw material into cathode for batteries. The automaker is also looking to invest in African lithium projects, although it’s detected infrastructure shortfalls there.