BYD Co., China’s largest manufacturer of lithium batteries and electric vehicles, is interested in producing batteries in Ukraine for the export to the EU

BYD Co., China’s largest manufacturer of lithium batteries and electric vehicles, is interested in producing batteries in Ukraine for the export to the EU, Infrastructure Minister Volodymyr Omelyan reports from Beijing. Ukraine has some of Europe’s largest deposits of lithium, located in Kirovohrad and government-controlled Donetsk. Isbrand Ho, general manager of BYD Auto Europe, tells the ministry’s press service: “Ukraine has a unique potential for the allocation of production capacities and barrier-free exports to the EU.” Currently, Chinese batteries are made with lithium from Latin America. Batteries are heavy and transit is expensive and time consuming. A BYD team is to visit Ukraine later this summer.