China’s leader EV maker, BYD, has held “active” discussions with lithium producer Sigma Lithium as it looks to expand its battery business.
After topping Tesla in EV sales in the final three months of 2023, BYD is not slowing down. The Chinese EV maker is now eyeing expanding its EV battery business.
BYD’s Brazil head, Alexandre Baldry, said discussions were held over a possible supply agreement, joint venture, or acquisition of Sigma Lithium, according to the Financial Times.
Sigma began shipping lithium from its Grota do Cirilo mine and processing plant in Brazil last year. The company went from commissioning the crushing unit in December 2022 to sustaining production levels last month.
BYD, which began as a battery maker, has built its brand on affordable EVs like the Dolphin and Yuan Plus, both starting under $20,000 in China.
A big part of BYD’s success is due to its past. BYD is now the largest global supplier of rechargeable batteries. The company even sells EV batteries like its BYD Blade battery to other automakers, including Tesla, Toyota, Ford, and Kia.
BYD Dolphin (left) and Atto 3 (right) Source: BYD
BYD is “more like an engineering company,” North American CEO Stella Li explained, with most components built in-house. For example, BYD makes every part of its Dolphin EV except the tires and windows.
BYD eyes Sigma Lithium supply deal
BYD’s affordable EVs are largely due to its control over its supply chain. A major lithium deal could help secure BYD’s position as the top EV maker globally.
Sigma posted a $19 million (CAD 25M) net loss in the first nine months of production. Its first year of production. Revenue reached nearly $97 million (CAD 129.9M).
Sigma Lithium (SGML) stock chart over the past six months (Source: TradingView)
With top battery producers like Panasonic cutting its profit outlook last year, Sigma Lithium (SGML) stock has slid over 35% in the past six months.
According to FT, Sigma’s board is reviewing an action plan that could involve selling the business or listing its Brazilian unit on the Nasdaq (or Singapore) stock exchange.
Brazilian media Exame reported Volkswagen and CATL are both also eyeing Sigma’s assets. According to the report, China’s CATL is offering more than VW.
Sigma Lithium delivered on its 2023 goals (Source: Sigma Lithium)
According to a Bloomberg report last year, Tesla was also considering buying Sigma. It was “one of multiple mining locations” Tesla was exploring.
Sigma plans to triple its annual production capacity with 22,000 tonnes of battery-grade lithium shipped every month in 2024. That would be about 270,000 tonnes this year.
BYD continues expanding into new markets with the launch of its luxury brand, Yangwang, last year. BYD’s Yangway unveiled its new +1,000 horsepower U7 electric sedan, starting at around $140,000 (1 million RMB).
BYD Yangwang U7 (Source: Yangwang)
The EV leader is also preparing to ship its own EVs to Europe on its first transport ship. The BYD Explorer No. 1 is the first Chinese-made ship designed to carry domestic EVs overseas.
BYD’s ship arrived at Yantai Port last week before heading to Shenzen, where BYD will load vehicles. The next stop is Europe. BYD’s Explorer No. 1 can carry 7,000 EVs.
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Kenworth has announced the addition of Bendix’ Fusion advanced driver assist system (ADAS) to its line of options on the T680 line of Class 8 commercial semi trucks – a lineup that includes the Next Generation T680E battery electric semi truck.
One of the many new trucks revealed at the 2025 ACT Expo in Anaheim, California earlier this year, the Next Generation Kenworth T680E featured the latest advancements in battery-electric technology, an enhanced exterior design, and a suite of new, in-cab technology that extends to the addition of three Bendix Fusion version: ADAS, ADAS PRO, and ADAS PREMIER.
All three of the announced ADAS packages offer updated Adaptive Cruise Control (ACC) with ACC Stop and Auto Go™, a new Pedestrian Autonomous Emergency Braking (PAEB) feature, and a new High Beam Assist feature to reduce the likelihood of blinding oncoming drivers supported by the addition of a new forward-looking camera.
Those updates are in addition to the ADAS units Autonomous Emergency Braking (AEB), Multi-Lane Autonomous Emergency Braking, Highway Departure Braking (HDB), and Stationary Vehicle Braking (SVB), Lane Departure Warning, and Bendix® Blindspotter® Side Object Detection already available on previous versions of the ADAS-equipped Kenworth.
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Kenworth migital mirrors
Kenworth DigitalVision Mirrors; via Bendix.
Now that we’ve got that acronym-loaded word-salad out of the way, we can get to the point: the newest generation of electric trucks is easier and safer to drive – and not just safer for the truck’s operators, but for the people who share the roads with them, too.
Kenworth T680E electric semi
Next Generation T680E; via PACCAR Kenworth.
The Next-Generation T680E is available with up to 605 peak hp and 1,850 lb-ft of torque from a PACCAR Integrated ePowertrain fed from a 500 kWh li-ion battery pack good for more than 200 miles of loaded range. The updated Class 8 BEV is rated up to 82,000 lb. gross vehicle weight ratings (GVWR), and can get that load back up to speed quickly with a 350 kW peak charge rate that means the T680E can charge up to 90% in just two hours.
“This move to a fully integrated and ground-up PACCAR design means we were able to design for enhanced serviceability,” explains Joe Adams, Kenworth’s chief engineer. “Providing easier access to the Master Service Disconnects for improved safety and increased uptime and allowing the use of the DAVIE service tool for troubleshooting and diagnostics.”
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Just like it says on the tin – retailers are advertising killer deals on the fun-to-drive Kia Niro EV, with one midwest auto dealer reporting more than $10,000 off the sticker price of the Niro EV Wind. That’s nearly 25% off the top line price!
The Kia Niro EV gets overshadowed by its objectively excellent EV6 and EV9 stablemates – both of which are currently available with substantial lease cash and 0% APR financing, in fact – but that doesn’t mean it’s not an excellent little electric runabout in its own right.
The last time I had a Niro EV tester, my kids loved it, I liked that it was quicker and more tossable than I expected it to be, and my wife liked the fact that “it doesn’t look electric. It looks normal.” And, with well over 200 miles of real world range (EPA-rated range is 253 miles), it was more than up to the task of commuting around Chicago and making the trip up to the Great Wolf Lodge in Gurnee and back without even needing to look for a charger.
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It’s not the primary family hauler I’d choose – but as a second car? As a primary car for a slightly smaller family (1-2 kids, instead of 3-4)? The Kia Niro EV Wind, with a $42,470 MSRP, seems like a solid, “can’t go wrong” sort of choice. You know?
You won’t even have to pay that much, though. Raymond Kia in Antioch, Illinois is advertising a $42,470 Niro EV for $32,431 (that’s $10,039, or about 24% off the MSRP), and several others are advertising prices in the $33,000 range.
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Many school districts who used EPA funding to help purchase Lion Electric school buses are now stuck with broken down or unsafe vehicles – but Lion’s new Canadian investors seemingly have no plans to make things right.
“All four Lion buses that we own are currently parked and not being used,” Coleen Souza, interim transportation director of Winthrop Public Schools, told Jay Traugott over at Clean Trucking. “Two of them are in need of repairs which would cost us money which we are not willing to invest in because the buses do not run for more than a month before needing more repairs.”
As bad as the revelations of safety and drivability issues and $250 million in unresolved debt have been, it’s the objectively stupid design choices that have been the most shocking.
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“Lion built an auxiliary diesel heater to heat the bus, essentially writing the manual as they went,” explained a school superintendent in the midwest, who asked not to be named. “It was fascinating to watch but there were design flaws with the heater. For example, the intakes pointed downward and we’re driving across rural roads and the intake sucks in that dirt.”
“Using a diesel-powered heater to warm an electric bus also somewhat defeats the purpose of going 100% zero-emissions,” added Traugott.
Despite a new electric school bus rebate and a fresh cash injection from Vincent Chiara, president of Quebec real estate powerhouse Groupe MACH, and Lion director Pierre Wilkie, however, it seems like no help is coming.
It just gets worse and worse
Decommissioned Lion electric buses; via Winthrop Public Schools.
The US school districts who spent tens of millions of taxpayer dollars in the hopes that Lion buses would help decarbonize their fleets and reduce students’ exposure to harmful diesel emissions? Many of them are back to using diesel, while others are trying to get their deposits back so they can buy something else.
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