By Natalia Rueda 
BYD, a leading Chinese electric vehicle manufacturer, has decided to establish a plant in Mexico as part of its expansion strategy and access to the U.S. market. This initiative comes amid the recent 100% tariffs imposed by the Biden administration on Chinese-made electric cars, prompting BYD to seek a location closer to its key market in the Western Hemisphere.
BYD’s foray into Mexico not only seeks to meet local demand, but also to use the country as a strategic platform to export to the United States. After conducting a feasibility study and negotiating with local authorities, according to Nikkei the plant is expected to open in two to three years and produce up to 150,000 cars per year. This move not only allows BYD to access the Mexican market, but also to avoid high tariffs when exporting to the United States.
“Overseas production is indispensable for an international brand,” said a BYD spokesperson, highlighting the company’s ambitious expansion plans.
Mexico is known for its strong integration with the U.S. automotive industry, making it an attractive location for companies looking to efficiently manufacture and export their products to the U.S. market. In addition, this initiative is also a significant step towards a greener future, as it contributes to the reduction of carbon emissions and promotes the use of electric vehicles.
In an increasingly competitive global market, BYD’s decision to open a new manufacturing plant in Mexico demonstrates that success in the automotive industry requires not only innovation and technology, but also strategic partnerships and expansion into new markets.