BYD Holds Off on Mexico Plant Decision Pending US Election Outcome

China's leading EV maker awaits the November election results before finalizing its investment plans in Mexico, citing policy uncertainties.

BYD had been exploring three potential locations for a new plant in Mexico but has paused active scouting.
Company executives emphasize that the plant is intended for the Mexican market, not for export to the US.
BYD's decision mirrors similar delays by other automakers like Tesla, who are also cautious due to potential policy shifts.
The Biden administration is monitoring Chinese companies' efforts to bypass tariffs by exporting from Mexico.
BYD continues to expand internationally, with new facilities planned in Thailand, Pakistan, Turkey, and Brazil.