The company has been scouting for US battery plant sites and should make a decision by the end of 2022.

“We are good friends with Elon Musk and we are preparing to supply batteries to Tesla,” BYD’s EVP said.

Bolivia has the world's largest resources of lithium, the ultra-light metal key to making batteries for electric vehicles, but has struggled for decades to mine them commercially.

European Commission is currently assessing a proposal to classify lithium carbonate, chloride, and hydroxide as dangerous for human health.

EV sales are rising fast enough now to keep combustion vehicles from returning to their previous peak.

Solid Power Inc., the battery startup that went public in a reverse merger last year, has begun operating a new pilot line, putting it on pace to deliver sample cells to automotive partners by year-end.

The Warren Buffett-backed car producer is once again the largest shipper of electric vehicles in the world’s top market.