In response to a possible delay in its investment decisions in Mexico, BYD, the Chinese electric vehicle giant, reaffirmed that it has not postponed any decision related to the construction of its new factory in the country, confirming that its plans are moving forward.
“BYD has not postponed any decision on a factory in Mexico. We continue to work to build a factory with the highest technological standards for the Mexican market, not for the U.S. market, nor for the export market,” the company said in an official statement.
Stella Li, CEO of BYD Americas, underlined the strategic importance of Mexico for the company: “For BYD, the Mexican market is very relevant, and we are very proud of the sales results that have positioned the company very quickly among the leading companies in the industry”.
With this confirmation, BYD seeks to dispel any uncertainty and reaffirm its commitment to the development of the automotive industry in Mexico, focusing on meeting local demand with cutting-edge technologies.
The construction of the new factory in Mexico will be a key step in the consolidation of BYD’s presence in Latin America, a region that the company considers fundamental to its global growth strategy.
BYD in Mexico
Last February, BYD announced its plans to install an assembly plant in the country and highlighted that they were analyzing the best infrastructure, location, logistics and labor conditions to determine its location.
As a result of this evaluation carried out in different regions of the country, the Chinese company recently shared that they had a selection of three states that offer the most favorable conditions for the installation of the plant. Various sources have pointed out Michoacán, Jalisco, Nuevo León, San Luis Potosí and, joining this list, the state of Puebla as finalists.
Source: Mexico Industry