BYD Explores Mexico EV Plant for U.S. Market Entry
Chinese automaker BYD is considering establishing an electric vehicle (EV) plant in Mexico to serve as an export hub to the US, with the company conducting a feasibility study and engaging in discussions with government officials about potential locations. This move aligns with BYD's global expansion strategy, as it aims to capitalize on Mexico's proximity to the US market and leverage the benefits of the US-Mexico-Canada agreement. Additionally, BYD has been rapidly expanding its overseas presence, with recent developments including manufacturing bases in Thailand, Uzbekistan, Brazil, and Hungary.