"BYD's Plan for Mexico EV Factory Signals U.S. Market Entry"
Originally Published 1 year ago — by The Drive
Chinese automakers, including BYD, SAIC, Chery, and JAC, are eyeing Mexico as a strategic location for building factories to gain access to the U.S. market and potentially bypass protectionist tariffs and restrictions. With Mexico's cheap labor and favorable trade agreements, Chinese carmakers could pose a significant challenge to western rivals in the EV market, but potential U.S. restrictions and retaliatory policies may complicate their entry into the market.