BYD Considers Building Factory In Mexico For North American Market Supply

JAKARTA - The automotive giant from China, BYD, is exploring the establishment of an electric vehicle factory in Mexico, with the aim of increasing supply chain efficiency and reducing export costs to the North American market.

Quoting from the Carnewschina page, February 15, Zhou Zou, the leader of Mexico's BYD, said in an interview on February 14, that it is very important for foreign manufacturing strategics, and Mexico as one of the great potentials including essential markets.

This initiative is in line with BYD's strategy to create an export center in Mexico that can serve the United States and other international markets.

Under agreements between the United States, Mexico, and Canada, at least 75 percent of auto parts must be produced in one of the three regions to get the potential benefits above.

No wonder various well-known manufacturers have also made Mexico an attractive destination for electric vehicle manufacturing. For example, Kia, BMW, and Stellantis announced their plans to produce electric vehicles in the country. Tesla also expressed its intention to build gigafactory in the state of Nuevo Le total.

Talking about BYD in Mexico is familiar, because the Chinese brand has introduced a variety of vehicles. Such as the Han, Tang, Atto 3, Dolphin, and Seal models, along with plug-in hybrid electric vehicles (PHEV) Song Plus DM-i and several pure electric buses and chassis products.

Not only Mexico, BYD also has big plans for global expansion where many countries are the main destinations, such as Thailand, Uzbekistan, Brazil, Hungary, and of course Indonesia.