South Africa lures BYD with critical minerals, car output skills

Talks are progressing between BYD Co. and South Africa over a possible investment by the Chinese electric vehicle manufacturer, a top government official said, although no specific time frame for the next steps has been agreed. BYD has expressed interest to work and invest in South Africa, according to Parks Tau, the country’s trade, industry and competition minister. “It’s now about taking it to the next level,” he said.