INSUBCONTINENT EXCLUSIVE:
increase battery production and develop the lithium supply chain in Brazil, a move that comes amid ongoing trade tensions between the United
States and China.Silveira stated that BYD seeks to partner with Brazilian companies to secure local lithium resources and build out battery
mineral wealth and growing demand for clean transportation
The meeting signals a shift toward more integrated supply chains, with Brazil offering raw materials and market access, while BYD brings
technology and capital.BYD has already made significant investments in Brazil, including a major manufacturing complex in Bahia, which will
produce electric and hybrid vehicles tailored for the local market.Brazil and BYD Deepen Ties on Electric Cars and Battery Investments
technology.The partnership also reflects a pragmatic response to global market shifts, as Brazil seeks to attract foreign direct investment
and secure its place in the fast-growing electric vehicle industry.The focus on lithium and battery production addresses a key supply chain
vulnerability, as global demand for these resources continues to rise
The timing of the discussions is notable, given the broader context of tariff disputes and competition for critical minerals.As the United
States and China vie for dominance in high-tech industries, Brazil positions itself as a valuable partner for companies seeking stable
strategy to modernize its automotive sector and develop a competitive edge in the global shift toward electric mobility.
