Chinese EV makers won’t get subsidies from Mexico after US pressure

Chinese EV makers won’t get subsidies from Mexico after US pressure

Mexico has offered generous incentives for automakers in the past.

Mexico, facing U.S. pressure, will halt incentives to Chinese EV makers

Mexico's federal government, under pressure from the U.S., is keeping Chinese automakers at arm's length by refusing to offer such incentives as low-cost public land or tax cuts for investment in EV production, three Mexican officials familiar with the matter said.

Exclusive-Mexico, facing US pressure, will halt incentives to Chinese EV makers

By Diego Oré MEXICO CITY (Reuters) – Mexico’s federal government, under pressure from the U.S., is keeping Chinese automakers at arm’s length by refusing to offer such incentives as low-cost public land or tax cuts for investment in EV production, three Mexican officials familiar with the matter said. The last meeting between top Mexican officials and a Chinese automaker was in January, the sources said, with executives of BYD Co – one of th…