US Edition
Trump Pressure Pushes BYD Out of Mexico
- On July 1, BYD launched its Brazil factory, its first outside Asia, while halting plans to build a Mexico plant due to US–China trade tensions.
- Rising US–China trade tensions and US tariffs prompted BYD to halt Mexico plans, as Chinese authorities delayed approval over technology transfer fears, Bloomberg reported.
- The Brazil plant, with a $1 billion investment, will assemble 150,000 cars annually from imported kits amid allegations of slave labor during construction.
- BYD's Mexico factory plans are halted due to US–China trade tensions, highlighting Mexico's automotive sector vulnerability as GM shifts production to the US.
- BYD is negotiating a 12-month tariff reduction in Brazil, remaining interested in expansion but lacking a specific investment timeline.
27 Articles
27 Articles
BYD Puts Mexico Car Plant on Hold Due to U.S. Trade Tensions
BYD, the top electric car maker from China, has stopped its plans to build a new factory in Mexico. The company made this decision due to rising trade tensions between the United States and China. New U.S. tariffs have also made it riskier and more expensive to produce cars in Mexico. BYD had looked at […]
Trade Uncertainties Pause BYD's Plan for Mexico Production Facility - Real News Now
In the midst of a complex international political climate characterized by a rise in trade barriers and strained ties, China’s leading manufacturer of electric cars, BYD Co., recently held back its decision to establish a significant production facility in Mexico. Uncertainties ignited by the trade strategies of former U.S. President Donald Trump factored heavily into this decision. While still keen on growing its presence in the Americas, the c…
Tesla competitor BYD axes Mexico factory plans
BYD still plans to expand into the Americas but has no timeline.CFOTO/Future Publishing/Getty ImagesBYD is halting Mexico factory plans over US trade policy concerns.US tariffs on Mexico-made cars are affecting automakers including Nissan and Stellantis.BYD is opening a factory in Brazil, its first outside Asia.The world's largest electric vehicle maker is halting plans to build a major factory in Mexico due to concerns about US trade policies.O…
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