CHINA'S PLAN TO DOMINATE EV SALES AROUND THE WORLD

Summary from the TLDR newsletter

BYD picked Brazil for its first car-making hub outside of Asia after its founder met with the Brazilian president last year. The company has taken over an abandoned Ford factory in Camaçari. It plans to invest over a billion into the project and start producing electric and hybrid automobiles this year. The site will also produce bus and truck chassis and process battery materials. BYD is also looking for lithium mining assets in the country.