BYD plans to sell 50K EVs in Mexico, expand to 100K by 2025, while pursuing an import-only strategy in India after a rejected manufacturing proposal.

Chinese EV maker BYD aims to sell 50,000 electric vehicles in Mexico this year, increasing to 100,000 by 2025, with plans to announce a factory location soon. In India, BYD will pursue an import-only strategy after its $1 billion manufacturing proposal was rejected. The company targets the premium market, focusing on high-volume imports while awaiting potential easing of investment restrictions. India's EV market is growing, with a government goal of 30% EV sales by 2030.

October 08, 2024
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