Chinese Carmakers Are Taking Mexico by Storm While Eyeing U.S.

Published On Dec 9, 2024, 5:00 AM

Chinese electric vehicle manufacturers, particularly BYD, are expanding into Mexico, establishing dealerships and looking for factory sites. This move is an effort to enter the North American market, which is currently hampered by tariffs on vehicles imported from China. The average price of BYD's electric vehicles in Mexico is significantly lower than similar models in the U.S., presenting a challenge to U.S. automakers.