China delays approval of BYD’s Mexico plant
- Beijing is delaying approval for BYD to build a plant in Mexico due to concerns over smart car technology potentially leaking to the US, according to sources familiar with the matter.
- BYD announced plans for a car plant in Mexico in 2023, intending to create 10,000 jobs and produce 150,000 vehicles annually.
- The Mexican government has shown a hostile attitude towards Chinese companies, complicating BYD's investment plans.
- BYD aims to double its sales volume in Mexico in 2025, having sold over 40,000 vehicles last year.
31 Articles
31 Articles
FT: China is withholding approval for BYD's Mexico plant due to tech concerns
The Chinese government is delaying approval for electric vehicle (EV) manufacturer BYD to build a plant in Mexico amid concerns that the company’s smart car technology could be accessed by the United States, according to the Financial Times (FT). Citing two people “familiar with the matter,” the London-based newspaper reported on Tuesday that Chinese automakers require approval from the Chinese Ministry of Commerce to manufacture outside China a…
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