In the wake of a booming global electric vehicle (EV) market, Chinese EV titan BYD Co Ltd (OTC:BYDDY) (OTC:BYDDF) is rumored to be holding negotiations with Brazilian lithium producer Sigma Lithium Corp (NASDAQ:SGML), indicating a possible acquisition. What Happened: BYD, the globe’s leading EV producer, has engaged in discussions regarding a possible takeover of Sigma Lithium, which has a market value of $2.9 billion. Alexandre Baldy, the head of BYD’s operations in Brazil, acknowledged the ongoing talks, suggesting outcomes could range from a supply contract, a joint venture, or even a full …

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