On March 9, 2024, it was reported that the Chinese firm BYD dispatched a delegation to Mexico to consider building an electric car factory there. According to a Mexican government official, last week, BYD executives met with government officials and Chinese suppliers located in Jalisco, including ITI, which manufactures machinery for automotive parts.
The cost of constructing the Mexican factory is estimated at around $600 million, similar to the amount BYD paid for its electric car factory in Brazil.
Bloomberg quoted an official knowledgeable in this field, saying that the construction cost for the Mexican factory could be around $600 million, similar to the amount BYD paid for its electric car factory in Brazil.
In an interview with Reuters on February 28th, Stella Li, CEO of BYD America, stated that BYD is looking for a location to build a factory in Mexico and expects to select a site by the end of this year. The factory is expected to produce 150,000 units annually.
Meanwhile, at the beginning of this month, BYD launched the Dolphin Mini, a micro-electric car, in Brazil and Mexico.
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