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Benzinga
Benzinga
Technology
Rachit Vats

Warren Buffett-Backed BYD Plans To Buy 6 African Lithium Mines: Here's How Many EVs They Can Cater To

BYD Buffett “Warren lithium Africa BYDDY CnEVPost Elon Musk China NYSE

China's BYD Co (OTC: BYDDY) is looking to acquire six lithium mines in Africa, CnEVpost said on Tuesday, citing a source-based report from another domestic media outlet.

What Happened: Shenzhen, China-based BYD has estimated that the six mines have more than 25 million tons of lithium ore, which could meet the demand for 27.78 million vehicles with 60-kWh batteries.

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