BYD may build electric vehicle factory in Mexico for US market
BYD is considering opening a plant in Mexico, potentially in Nuevo Leon or the Baijo region in the middle of the country.
Building vehicles in Mexico would allow BYD to take advantage of the US-Mexico-Canada Agreement, keeping prices lower and targeting the lower end of the new car market. [ more ]
China Auto Giant BYD Sells More Electric Vehicles Than Ever
BYD sold three million battery-powered cars in 2023, a 62% increase over 2022, despite heavy competition and a price war in the Chinese EV industry.
Chinese automakers are expected to have sold about 9.4 million electric vehicles and hybrids in 2023, with sales expected to rise again to 11.5 million in 2024. [ more ]
BYD Global Plug-In Car Sales Increased 49% In April 2024
BYD achieved a new second-best-ever monthly plug-in electric car sales result in April, with impressive year-over-year growth rates in both BEVs and PHEVs. [ more ]
Chinese EV makers won't get subsidies from Mexico after US pressure
The United States has successfully pressured Mexico to not offer incentives to Chinese automakers like BYD for establishing manufacturing operations in North America. [ more ]