After India's Rejection the China's BYD Co Ltd is making moves to establish an electric vehicle (EV) factory in Mexico
China's BYD Co Ltd making moves to establish an electric vehicle (EV) factory in Mexico, with the aim of creating an export hub to the United States, according to a report by Nikkei. BYD, which is known for its affordable models and diverse lineup, recently surpassed Tesla Inc to become the world's leading EV maker in terms of sales. The company has initiated a feasibility study for the Mexican plant and is currently in negotiations with officials regarding the factory's location and other terms. While BYD primarily focuses on the Chinese market, it is also looking to expand globally by constructing new plants overseas and increasing Chinese exports. The Mexican automotive sector, which is home to numerous top global players, is closely intertwined with the U.S. industry. BYD Mexico country manager Zhou Zou emphasized the importance of overseas production for an international brand. However, BYD's Mexico office declined to comment on the matter. Major U.S. auto