{"id":29179,"date":"2024-02-27T05:00:00","date_gmt":"2024-02-27T10:00:00","guid":{"rendered":"https:\/\/latamobility.com\/?p=29179"},"modified":"2024-02-26T17:20:27","modified_gmt":"2024-02-26T22:20:27","slug":"byd-plans-to-establish-electric-vehicle-plant-in-mexico","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/byd-plans-to-establish-electric-vehicle-plant-in-mexico\/","title":{"rendered":"BYD Plans to Establish Electric Vehicle Plant in Mexico"},"content":{"rendered":"\n<p><strong>BYD<\/strong>, one of the leading manufacturers in the production and commercialization of electric vehicles, will establish a new factory in <strong>Mexico<\/strong>. This is according to a <em>Nikkei <\/em>report by <em>Reuters <\/em>news agency, quoting the company&#8217;s director in the country.<\/p>\n\n\n\n<p>According to the source, the electric vehicle manufacturer intends to establish an export center to the United States.<\/p>\n\n\n\n<p><strong>BYD, known for its cheaper models and more varied range, recently overtook its biggest rival Tesla and is looking to become the world&#8217;s leading electric vehicle manufacturer in terms of sales.<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"631\" height=\"364\" src=\"https:\/\/latamobility.com\/wp-content\/uploads\/2024\/02\/BYDMEX-2.png\" alt=\"\" class=\"wp-image-29173\" srcset=\"https:\/\/latamobility.com\/wp-content\/uploads\/2024\/02\/BYDMEX-2.png 631w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/02\/BYDMEX-2-300x173.png 300w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/02\/BYDMEX-2-600x346.png 600w\" sizes=\"(max-width: 631px) 100vw, 631px\" \/><figcaption class=\"wp-element-caption\">Photo: BYD M\u00e9xico<\/figcaption><\/figure>\n\n\n\n<p><strong>Read also: <\/strong><a href=\"https:\/\/latamobility.com\/en\/byd-dolphin-arrives-in-mexico\/\"><strong>BYD Dolphin Arrives in Mexico<\/strong><\/a><\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-process-details\"><strong>Process Details<\/strong><\/h2>\n\n\n\n<p>According to the <em>Nikkei <\/em>report, <strong>BYD <\/strong>has launched a feasibility study for the Mexican plant and is currently negotiating with officials on terms, including the location of the factory.<\/p>\n\n\n\n<p>While <strong>BYD <\/strong>has its sales concentrated in <strong>China<\/strong>, it is also aiming to expand globally and is building new plants overseas, as well as expanding Chinese exports.<\/p>\n\n\n\n<p>Mexico&#8217;s huge auto manufacturing sector, populated by many of the industry&#8217;s major global players, is closely integrated with the U.S. market.<\/p>\n\n\n\n<p>&#8220;Overseas production is indispensable for an international brand,&#8221; <strong>BYD Mexico<\/strong> Country manager <strong>Zhou Zou<\/strong> told <em>Nikkei<\/em>.<\/p>\n\n\n\n<p>In Latin America, <strong>BYD plans to spend approximately $620 million on a new industrial complex in northeastern Brazil<\/strong>.<\/p>\n\n\n\n<p>The three-plant complex will be built in the northeastern state of Bahia, on land previously occupied by a Ford plant that closed in 2021.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>BYD, one of the leading manufacturers in the production and commercialization of electric vehicles, will establish a new factory in Mexico. This is according to a Nikkei report by Reuters news agency, quoting the company&#8217;s director in the country. According to the source, the electric vehicle manufacturer intends to establish an export center to the&#8230;<\/p>\n","protected":false},"author":10,"featured_media":29173,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_kad_post_transparent":"","_kad_post_title":"","_kad_post_layout":"","_kad_post_sidebar_id":"","_kad_post_content_style":"","_kad_post_vertical_padding":"","_kad_post_feature":"","_kad_post_feature_position":"","_kad_post_header":false,"_kad_post_footer":false,"_kad_post_classname":"","footnotes":""},"categories":[2054],"tags":[1415,1281,1489],"class_list":["post-29179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-mobility","tag-byd","tag-electric-mobility","tag-sustainability"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.7 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BYD Plans to Establish Electric Vehicle Plant in Mexico - 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