Written by Cláudio Afonso | [email protected] | LinkedIn | X
BYD, China’s biggest electric vehicle maker, is finalising the preparations to announce its new plant in Mexico. The company targets sales of over 100,000 units in Mexico by 2025, leveraging the new factory for potential exportation to the rest of Latin America in subsequent phases.
Jorge Vallejo, BYD‘s General Director for Mexico, revealed in an interview with local media outlet Excélsior that the assembly plant will be able to produce over 150,000 units per year. Additionally, Vallejo mentioned that BYD is presently in talks with multiple Mexican states.
“It is a reality, and there are already work teams meeting with the governments of several states, precisely to analyze the infrastructure, logistics, business environment, training and human quality. BYD Mexico’s manufacturing plant will be announced in the coming weeks,” Vallejo said.
“There are many states that have joined this request or this call, many that have offered their ports, their roads, their railroads, their logistics, their inland ports and industrial parks. They are all those states that have the capacity to take on an investment like this. We are very grateful for their interest in supporting BYD,” he added.
In the first quarter of 2024, the company experienced a 43% decline in sales compared to the previous quarter, ceding its title as the world’s largest EV seller to Tesla, which it had secured last year.
Written by Cláudio Afonso | [email protected] | LinkedIn | X
