China’s BYD is reviewing proposed incentives from Mexico, after finalising three potential state locations for its manufacturing plant, according to Reuters.
It comes despite Mexico being under pressure from the US to keep Chinese automakers “at arm’s length” by limiting certain incentives such as tax cuts.
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Jorge Vallejo, Director General for BYD Mexico said that the firm had not yet identified which models would be produced at a future Mexico plant. In its first stages, it is planned the plant will make 150,000 units with the same number in its second stage.
It hopes to ramp up production to around 500,000 units, Mr Vallejo said, speaking after the unveiling of BYD’s Song Pro plug-in hybrid SUV in the country.
According to the news agency, the plant will serve the Mexican market. It was earlier reported it was eyeing US entry
