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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.
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Zawya broke the news in on Monday, March 17, 2025.
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