BYD announced the construction of a large plant in Mexico that will generate around 10,000 jobs, putting it on par with some of the largest car factories in the country.
The brand is in final negotiations to define the location of the facility, and an official announcement is expected in the coming months, Jorge Vallejo, BYD’s General Manager in Mexico, said Tuesday in an interview.
A plant of that size would employ more people than other automakers’ facilities in the country, such as Audi.
Volkswagen’s plant in Puebla, Mexico’s largest, employs 6,100 assembly line workers and 5,000 supervisory employees, plus thousands of people in charge of parts assembly.
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Progress in the Country
BYD had received proposals from some 23 Mexican states for its plant and has narrowed it down to three.
The car brand is on track to sell 50,000 units in the country this year. Last month, BYD launched its Shark hybrid pick-up, yet another sign of Mexico’s growing importance to the company.
Stella Li, the company’s Executive Vice President and CEO for the Americas region, has previously stated that the company plans to establish this factory near Mexico City, which is located in the south-central part of the country.
In an interview with Yahoo Finance, Li said that BYD’s investment in Mexico is mainly focused on the local market. So while many U.S. brands manufacture cars in the north of the country for easy shipping back home, BYD is looking for a location that is within 200 km of Mexico City, Li added.
Latam Mobility closes tour in Mexico City
After a successful start to the year in Monterrey, Latam Mobility, the largest sustainable mobility community in Latin America, closes 2024 in Mexico City.
There will be two days, on October 15 and 16, where industry leaders and private sector representatives will provide perspectives on mobility, electromobility, sustainability, among others.
The meeting will be held at the World Trade Center in Mexico City. For participation information click here.
