It's the worst-kept secret in the automotive world, if you can even call it a secret anymore: leading Chinese plug-in hybrid and electric vehicle manufacturer BYD wants to build a factory in Mexico that would give it a theoretical base of entry into the United States market. BYD is already selling cars in Mexico; why not make them there too, right? And today, a top BYD executive revealed a few more details about this potential expansion plan.
Zhou Zou, the country manager of BYD Mexico, told Nikkei Asia in Mexico City that BYD "is considering" setting up a plant in Mexico, explicitly as an export hub to the U.S. Granted, there have been rumblings about this move before, but this is one of the more direct times a BYD official has weighed in on the plan.
Read Article