China’s BYD in talks with Brazil’s Sigma Lithium on supply deal -FT By Reuters

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<span>© Reuters. FILE PHOTO: A BYD electric vehicle (EV) Qin moves on a street in Beijing, China October 31, 2023. REUTERS/Tingshu Wang/File Photo</span><br />
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<p>(Reuters) – Chinese electric car-maker BYD (SZ:) has held talks with Brazil’s Sigma Lithium (TSXV:) over a possible supply agreement, joint venture or acquisition, the Financial Times reported on Sunday.</p>
<p>BYD met Sigma Chief Executive Ana Cabral Gardner in Sao Paulo last month, BYD’s Brazilian chair, Alexandre Baldy, told the newspaper, but did not give details, citing a confidentiality agreement.</p>
<p>BYD and Sigma did not immediately respond to Reuters requests for comment. </p>
<p>Sigma said in January it had initiated a primary listing of Sigma Brazil on Nasdaq and the Singapore stock exchange. </p>
<p>BYD, backed by Warren Buffet’s Berkshire Hathaway (NYSE:), said in July it would invest 3 billion reais ($600 million) in a new industrial complex in northeastern Brazil, with operations expected to start in mid-2024. </p>
<p>($1 = 4.8539 reais) </p>
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<br /><a href="https://www.investing.com/news/stock-market-news/chinas-byd-in-talks-with-brazils-sigma-lithium-on-supply-deal-ft-3274075">Source link </a></p><p>The post <a href="https://forextraderhub.com/chinas-byd-in-talks-with-brazils-sigma-lithium-on-supply-deal-ft-by-reuters.html">China’s BYD in talks with Brazil’s Sigma Lithium on supply deal -FT By Reuters</a> first appeared on <a href="https://forextraderhub.com">Forex Trader Hub</a>.</p>