BYD Expands North American Reach with Major EV Push in Mexico
The Chinese automaker plans to sell 100,000 electric vehicles in Mexico by 2025, despite potential tariff challenges.
Overview
- BYD aims to sell 50,000 EVs in Mexico this year, doubling sales to 100,000 by 2025.
- The company plans to announce its first Mexican manufacturing plant location by the end of 2024.
- The new factory is expected to produce 150,000 vehicles initially, with plans to expand output to 300,000 units.
- BYD is seeking an extension on tariff relief for EV imports amid potential 200% tariffs proposed by Donald Trump.
- Despite challenges, BYD continues its global expansion strategy, having opened plants in several countries this year.