China’s BYD secures lithium mining for EV production, use solid-state batteries by 2027

This strategic location, close to the company’s planned electric vehicle factory in Bahia state, Brazil, offers BYD a significant advantage.

China-based BYD, the world’s largest electric vehicle (EV) maker, seems to be strengthening its position in the industry through two significant developments.

These developments include securing lithium mining rights in Brazil and achieving a breakthrough in solid-state battery technology.

As reported by Reuters, which discovered new documents, BYD has secured mineral rights to two plots of land in Brazil through its subsidiary Exploracao Mineral do Brasil.

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