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BYD eyes lithium giant takeover as it expands its EV battery business

Baua Electric

The Chinese EV maker is now eyeing expanding its EV battery business. BYD’s Brazil head, Alexandre Baldry, said discussions were held over a possible supply agreement, joint venture, or acquisition of Sigma Lithium, according to the Financial Times. 1 is the first Chinese-made ship designed to carry domestic EVs overseas.

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BYD is launching its next-gen Blade EV battery soon with more range and even lower cost

Baua Electric

BYD’s Blade batteries power Tesla, Ford, Kia, Hyundai, Toyota, and other popular electric vehicles from major automakers. BYD Dolphin Mini (Seagull) testing in Brazil (Source: BYD) BYD’s leader added that it will also reduce power consumption per 100 km, which will likely promote more range and performance.

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BYD expects at least $4 billion in net income from surging EV sales

Baua Electric

In the last three months of the year, the Chinese automaker overtook Tesla as the largest global EV maker as it expanded the brand. BYD is already leading in growing EV markets like Thailand, Brazil, and Columbia. It even outsources its batteries to Tesla, Toyota, Hyundai, Kia, Ford, and several others. billion (31.5

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KPMG survey finds global auto execs ranking fuel efficiency the top consumer priority

Green Car Congress

With regard to investment in global growth markets, respondents predict increased investment in China (58%), India (50%), Brazil (41%) and Russia (33%). Twenty-four percent expect subsidies to increase, 34% say they will remain the same, and 43% predict a decline. US automaker gains in market share.

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JATO: 2018 record year for EVs; sales up 74% to 1.26M units; overall market stable, as SUVs rule

Green Car Congress

Chinese demand for EVs soared throughout 2018, as the car-type gained more visibility among consumers, due in part to their promotion by local governments for their environmental impact. Strong results in India, Brazil, Russia and South East Asia offset stalling sales in Europe, China and the US. Passenger electric cars recorded 1.26

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Report: BYD Plotting New EV Factory in Mexico

The Truth About Cars

That particular model starts at the Chinese equivalent of $14,000 on the domestic market. BYD has likewise set aside the equivalent of $600 million USD to build a new factory in Brazil to better tackle South America. South Korea's Kia has said it will manufacture EVs in Mexico. Overall, 1.36

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