"The proposal to the Mexican government is to see the possibility of, through our investment in a new plant, having the conditions to extend the decree," BYD's country head Jorge Vallejo explained. This statement underscores not only BYD's strategic focus on investment but also its dependence on the Mexican government's tariff regulations to enhance the company's competitive position in the EV market.
"We are waiting for October 1 so that the new administration makes a statement about the decree and based on that we can have more direct contact to know the conditions of an investment announcement and the benefits it would be granted," Vallejo stated. This highlights BYD's proactive approach to aligning its plans with the evolving political landscape in Mexico.
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