03-07-2025
Mexico blocks BYD EV factory, putting US tariff talks first
BYD's sales in Mexico swelled to 40,000 vehicles in 2024. (Photo by Tomohiro Ichihara)
TOMOHIRO ICHIHARA and SHIZUKA TANABE
MEXICO CITY/GUANGZHOU -- Mexico rejected BYD's plans to build an electric vehicle factory there, it has been learned, as tariff talks with the U.S. complicate the country's ability to do business with China.
The Chinese automaker -- which has been expanding overseas amid plateauing sales at home -- had been expected to announce the plant's location soon, after narrowing it down to three options in early 2024. A northern site near the U.S. border had been seen as the leading candidate.
