BYD evaluates three Mexican states for new plant location to produce 400K-500K EVs exclusively for Mexico market by year-end.

BYD, a Chinese electric vehicle manufacturer, is reviewing three Mexican states for its new plant location and aims to select a site by year-end. The plant, which will produce 400,000-500,000 units, will serve the Mexican market exclusively. BYD's Mexico head, Jorge Vallejo, emphasized the importance of logistics and infrastructure for the new facility. The plant is part of BYD's strategy to boost EV production and transition to fully battery-powered vehicles.

August 22, 2024
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