{"id":40673,"date":"2024-10-03T05:25:38","date_gmt":"2024-10-03T10:25:38","guid":{"rendered":"https:\/\/latamobility.com\/?p=40673"},"modified":"2024-10-03T08:55:13","modified_gmt":"2024-10-03T13:55:13","slug":"mexico-byd-expecting-to-maintain-incentives-for-electric-vehicle-plant-investment","status":"publish","type":"post","link":"https:\/\/latamobility.com\/en\/mexico-byd-expecting-to-maintain-incentives-for-electric-vehicle-plant-investment\/","title":{"rendered":"Mexico: BYD Expecting to Maintain Incentives for Electric Vehicle Plant Investment"},"content":{"rendered":"\n<p>Chinese electric vehicle manufacturer <strong>BYD<\/strong>, which plans to build a plant in <strong>Mexico<\/strong>, negotiated with authorities to extend a decree that eliminates <strong>15-20%<\/strong> tariffs on electric vehicle imports from countries with which Mexico does not have a trade agreement.<\/p>\n\n\n\n<p>It should be noted that the decree expired after four years on <strong>September 30<\/strong>. In this regard, the Head of <strong>BYD Mexico<\/strong>, <strong>Jorge Vallejo<\/strong>, told <strong>Reforma<\/strong> newspaper that they have had some conversations not only for the expansion issue, but also for the investment in a <strong>manufacturing plant<\/strong> with the creation of <strong>more than 10,000 jobs<\/strong> in the country.<\/p>\n\n\n\n<p>\u201cThe approach precisely with the <strong>Federal Government<\/strong> is to see what would be the possibility that, through investment in a new plant, there could be conditions to expand the decree. <strong>We are waiting for the government&#8217;s response<\/strong>,\u201d he added.<\/p>\n\n\n\n<p><strong>You may also read:<\/strong> <a href=\"https:\/\/latamobility.com\/en\/how-solfium-contributes-to-sustainable-mobility-in-mexico\/\">How Solfium Contributes to Sustainable Mobility in Mexico<\/a><\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1024\" height=\"572\" src=\"https:\/\/latamobility.com\/wp-content\/uploads\/2024\/10\/BYD-1024x572.jpg\" alt=\"\" class=\"wp-image-40676\" srcset=\"https:\/\/latamobility.com\/wp-content\/uploads\/2024\/10\/BYD-1024x572.jpg 1024w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/10\/BYD-300x168.jpg 300w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/10\/BYD-768x429.jpg 768w, https:\/\/latamobility.com\/wp-content\/uploads\/2024\/10\/BYD.jpg 1280w\" sizes=\"(max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-new-government\"><strong>New Government<\/strong><\/h2>\n\n\n\n<p><strong>Vallejo<\/strong> also revealed that they are waiting for the <strong>new administration<\/strong> to pronounce itself on the decree and, based on that, to have a more direct management to know the conditions of an investment announcement and the benefits that would be granted.<\/p>\n\n\n\n<p>However, even if the decree is not extended, <strong>the investment in the plant would be maintained<\/strong>, according to <strong>Vallejo<\/strong>.<\/p>\n\n\n\n<p><strong>BYD<\/strong> has not yet announced the location of the plant, which should produce between <strong>150,000 and 200,000 electric and hybrid electric vehicles<\/strong> in the first stage, and another <strong>200,000 in the second<\/strong>, all for the domestic market.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-latam-mobility-amp-netzero-mexico-2024\"><strong>Latam Mobility &amp; NetZero Mexico 2024<\/strong><\/h2>\n\n\n\n<p>The&nbsp;<strong>\u201cLatam Mobility &amp; NetZero Mexico\u201d<\/strong>&nbsp;in&nbsp;<strong>Mexico City<\/strong>&nbsp;will bring together the most important companies and leaders in energy, transport, fuels, and mobility to showcase advancements and prospects in the industry in the country, the&nbsp;<strong>U.S.<\/strong>, and the region.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/latam-green.com\/wp-content\/uploads\/2024\/03\/LM-Mexico.jpg\" alt=\"M\u00e9xico\" class=\"wp-image-26421\"\/><\/figure>\n\n\n\n<p>The summit will feature a series of panels and thematic presentations playing a key role in advancing&nbsp;<strong>sustainable mobility<\/strong>,&nbsp;<strong>decarbonization<\/strong>,&nbsp;<strong>circular economy<\/strong>, and&nbsp;<strong>renewable energies<\/strong>, as well as notable networking opportunities for forming key alliances on the path to zero emissions.<\/p>\n\n\n\n<p>The event will take place from&nbsp;<strong>October 15 to 16<\/strong>&nbsp;at the&nbsp;<strong>World Trade Center<\/strong>&nbsp;in&nbsp;<strong>CDMX, Mexico<\/strong>. To register, you can&nbsp;<strong><a href=\"https:\/\/live.eventtia.com\/es\/latammobilitymexico24\/HOME\">click here<\/a><\/strong>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Chinese electric vehicle manufacturer BYD, which plans to build a plant in Mexico, negotiated with authorities to extend a decree that eliminates 15-20% tariffs on electric vehicle imports from countries with which Mexico does not have a trade agreement. It should be noted that the decree expired after four years on September 30. In this&#8230;<\/p>\n","protected":false},"author":10,"featured_media":40680,"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":[2719,2079],"class_list":["post-40673","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-electric-mobility","tag-byd-electric-mobility","tag-mexico-2"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v22.7 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mexico: BYD Expecting to Maintain Incentives for Electric Vehicle Plant Investment - Latam Mobility<\/title>\n<meta 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