BYD Supplies Argentina from Brazil; Lithium Investment Talks Underway
What happened
BYD is currently supplying Argentina using its factory located in Bahia, Brazil. Separately, Foreign Minister Pablo Quirno stated that BYD is studying investment opportunities in Argentina linked to the lithium value chain, particularly for battery and energy storage system production.
From thestar.com.my
Why it matters
BYD has been selling imported cars in Argentina since opening last year, having sold 10,000 vehicles in August. The discussions about lithium investment align with Argentina’s positioning as a platform for projects aimed at both the domestic market and exports.
BYD is ramping up sourcing operations in the state of Bahia.
From thestar.com.my
Who's involved
- ArgentinaThe market receiving vehicle imports and discussing lithium investment opportunities
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- MercosurSpeculative
The supply chain might utilize the Mercosur automotive agreement, allowing duty-free entry into Argentina
- Buenos Aires ProvinceSpeculative
Buenos Aires Province might see increased sales and dealership activity, as BYD has 21 dealerships there
Keep exploring
The entities involved
-
Argentina
country in South America
Related events
- High imports from Argentina impact market supply for citrus products.
- Interoil has completed the divestment of its operations in Argentina, concentrating production in its assets in Colombia.
- A supply route has been established between Argentina and Chile concerning the Malvinas.
- Argentina and Colombia discussed the global oilseed trade.
- A port could carry cargo from southern Brazil, linking to a railway towards Argentina.