Chinese automaker BYD is reportedly studying the possibility of setting up an EV assembly plant in Mexico. Auto123 has the details.
Chinese manufacturer BYD is considering building an assembly plant in Mexico. This is according to Japanese daily Nikkei. The manufacturer is obviously keen to establish itself in this region to be able to attack the American market more easily.
BYD is renowned for its more affordable models. The company might not have much of a presence in North America, but it has overtaken Tesla in terms of EV sales. Those sales are, of course, concentrated in China. BYD has global ambitions, and Mexico represents a golden opportunity because of its natural integration with the American market. Many manufacturers have plants there, including General Motors and Volkswagen.
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