US EditionSeeking Mexico foothold, China's BYD and Geely bid to buy car plant
BYD, Geely, and VinFast are finalists to buy a 230,000-vehicle capacity Nissan-Mercedes plant, as Chinese automakers seek to bypass tariffs and boost local production.
- From nine suitors including Chery and Great Wall Motor, BYD, Geely and VinFast emerged as finalists to buy the Nissan–Mercedes-Benz COMPAS factory in Aguascalientes, a sale not requiring Mexican government approval.
- Facing steep U.S. trade barriers, Chinese automakers pursue local production to avoid import taxes amid Mexico's 25% auto import tariff and job losses of about 60,000 last year.
- The plant's assets include a 230,000-unit annual capacity, skilled workforce, supplier links, and current production of Infiniti QX50 and QX55 and Mercedes-Benz GLB.
- Mexican officials face a balancing act between jobs and diplomacy as Nissan's closure will eliminate approximately 3,600 direct jobs that a buyer would likely restore, but analysts warn Washington could react strongly to a Chinese acquisition.
- Strategically, securing the plant offers a rapid North American manufacturing foothold as BYD's global sales jumped tenfold and Geely sold more than 4 million vehicles last year.
14 Articles
14 Articles
The Chinese giant of electric vehicles BYD continues to target Mexico as a manufacturing center. And it is not the only one. The Asian shipowner, like its competitor Geely and Vietnamese ViniFast, have put their eyes on the plant in the process of closing Nissan in the State of Aguascalientes. According to Reuters, the factory in the process of extinction has become the object of an intense bid among a group of nine companies, of which there hav…
The main Chinese car manufacturers, such as BYD and Geely, are interested in the Nissan-Mercedes-Benz plant in Mexico, Reuters reported, a signal that US tariffs, designed to keep China out, could paradoxically bring them closer to the US coasts. BYD, Geely and Vietnamese VinFast are finalists for the closed plant, a joint venture between Nissan and Mercedes-Benz in the state of Aguascalientes, Reuters reported, citing an unidentified source. Ch…
Chinese automakers BYD, Geely are bidding on Mexico’s shuttered Aguascalientes Nissan plant
Two Chinese automakers — BYD and Geely — are among three finalists competing to purchase a car manufacturing plant in the north-central state of Aguascalientes, according to an exclusive report published by the Reuters news agency. The finalists — Vietnamese EV maker VinFast is the third competitor — were selected from among nine participants, including Chinese automakers Chery and Great Wall Motor. “México no solo es un mercado clave, es parte…
China's BYD and Geely eye Mexico plant in bid for North American foothold
Two major Chinese automakers, BYD and Geely, are competing to buy a Nissan–Mercedes-Benz plant in Mexico, as China aims to increase its manufacturing presence in the country, where U. S. tariffs are leading to factory closures and job losses. They are among the three finalists from nine companies interested in the plant, which also includes […] The post China’s BYD and Geely eye Mexico plant in bid for North American foothold appeared first on M…
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