BYD is considering building a lithium battery plant in Argentina, the country’s foreign minister said. The discussions reportedly took place at a meeting between Argentine officials and BYD Executive Vice President Stella Li, as the company explores investment opportunities in the country.
The potential plant would support BYD’s efforts to secure its battery supply chain. Argentina is one of the world’s largest lithium producers, and local battery production could give BYD a more direct and potentially cost-effective source of batteries for its expanding global electric vehicle business.
No details have been disclosed about the potential investment size or timeline.