Automundo China

BYD acquired mining rights for two plots of land in a lithium-rich part of Brazil in 2023, Reuters reported.

In January 2025, Volkswagen () dominated Germany's battery electric vehicle (BEV) market, capturing nearly half the market and increasing its share by year-over-year, while Tesla's sales plummeted. In China, Geely unexpectedly overtook BYD in retail sales, though BYD retained its wholesale lead.

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. The EV producer's acquisition of mineral rights in Brazil is its most concrete step so far toward mining strategic minerals in the Western Hemisphere. The previously unreported acquisition of the mineral rights in late 2023 was made by BYD subsidiary Exploracao Mineral do Brasil, which was created in May of that year, documents showed.

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