Overview

• 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.