The Chinese language agency says the location will construct autos for the native market
March 1, 2024 at 09:34
BYD is continuous its speedy international growth and trying to lock down a location in Mexico for a manufacturing unit that can be producing autos for the native market.
The chief government of BYD Americas, Stella Li, has confirmed that the carmaker is assessing websites in a 200 km (124-mile) radius round Mexico Metropolis and plans to resolve within the second half of this 12 months. Li stated BYD isn’t analyzing websites close to the U.S. border as a result of this is able to end in larger transportation prices for almost all of Mexican consumers.
Whereas the U.S. has expressed concern about new auto rivals from China, Li stated that Mexican officers have been receptive to the agency’s plans. Li didn’t reveal which of the model’s present, or future, fashions may very well be manufactured in Mexico.
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Fortune notes that final 12 months, simply 11,766 new battery-electric autos have been bought in Mexico. There’s little doubt that BYD may assist to extend that determine with a few of its reasonably priced fashions, just like the Seagull, Dolphin, and Atto 3, nevertheless it additionally builds a number of compelling plug-in hybrid autos that would additionally show common in Mexico. The agency’s newest PHEV is the Qin Plus DM-i, beginning at a mere 79,800 yuan or the equal of simply $11,000.
Learn: BYD Not Planning U.S. Entry Regardless of Constructing A Mexican Manufacturing facility
Throughout the identical interview with Yahoo Finance, Li stated that BYD doesn’t intend to enter the U.S. market and in contrast to another carmakers, is not going to construct autos in Mexico and import them into the U.S. If BYD was planning a U.S. entry, it might be logical to assemble its Mexican manufacturing unit close to the U.S. border, like Tesla is planning.
It isn’t simply Mexico that BYD is concentrating on for progress. The corporate not too long ago commenced development on a plant in Brazil and the Dolphin has already change into the nation’s best-selling EV.
