BYD entering Denmark. these announcements are coming pretty frequently. The Yuan+ production better keep up.
here is the other part to look at
The legacy foreign automakers cannot afford to be this slow and make mistakes when domestic automakers are able to move quickly and take over market share. I think the future of Cadillac in China is very much in doubt.
Back onto the Yichun deal. 100k t of lithium carbonate is a lot. That corresponds to 200 GWh of LFP battery.
Kepe in mind that BYD up to this point had only signed 106k t (30k at Nanning, 6k at Guizhou, 30k at Lake Zabuye, 40k at another Qinghai location) of lithium mining rights domestically (no idea how much the African investments will yield). So this essentially doubles their yearly lithium mining in take just from domestic mines. They have sourced enough for 400 Gwh of battery, which is enough for probably 6 to 8 million cars. If we add additional African mines (100k a year for 10 years) and possible other sources, they will have enough for probably 600 GWh of yearly battery production by 2025 and enough for close to 10 million cars (not all of which will be produced for BYD cars). All this is to say 30 GWh factory is a good investment for this much Lithium rights.
here is the other part to look at
The legacy foreign automakers cannot afford to be this slow and make mistakes when domestic automakers are able to move quickly and take over market share. I think the future of Cadillac in China is very much in doubt.
Back onto the Yichun deal. 100k t of lithium carbonate is a lot. That corresponds to 200 GWh of LFP battery.
Kepe in mind that BYD up to this point had only signed 106k t (30k at Nanning, 6k at Guizhou, 30k at Lake Zabuye, 40k at another Qinghai location) of lithium mining rights domestically (no idea how much the African investments will yield). So this essentially doubles their yearly lithium mining in take just from domestic mines. They have sourced enough for 400 Gwh of battery, which is enough for probably 6 to 8 million cars. If we add additional African mines (100k a year for 10 years) and possible other sources, they will have enough for probably 600 GWh of yearly battery production by 2025 and enough for close to 10 million cars (not all of which will be produced for BYD cars). All this is to say 30 GWh factory is a good investment for this much Lithium rights.
