China Delays BYD's Mexico Factory Over Technology Concerns

The Chinese government has postponed approval for BYD's planned plant in Mexico, citing fears of advanced EV technology leaking to the United States.

China's Ministry of Commerce has withheld approval for BYD's Mexico factory, citing concerns about potential technology transfer to the US.
Mexico's proximity to the United States is seen as a key risk, with fears that advanced EV innovations could be accessed by American competitors.
BYD, now the global leader in EV sales, has been expanding internationally but faces growing geopolitical and regulatory challenges.
The delay adds to BYD's logistical hurdles in Mexico, including a lack of local supply chains and higher tariffs on imported parts.
The EU is also investigating BYD's Hungary operations over potential unfair subsidies, further complicating its global expansion plans.