BYD’s Han EVs are sold in Mexico

Chinese automaker BYD Company Ltd plans to build an electric vehicle (EV) plant in Mexico, according to reports citing the head of the company’s local sales subsidiary.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

BYD entered the Mexican market at the end of 2022 with a target to sell around 10,000 vehicles, including the Han and Tang EVs, through several local distributors.

China’s largest EV manufacturer reported just over 3 million global sales last year, including 1,575,000 battery electric vehicles (BEVs) and 1,465,000 hybrids. Overseas sales surged more than fourfold to 242,765 units, as the company stepped up its global expansion to challenge Tesla position as the world’s largest BEV company.

A plant in Mexico would look to supply vehicles locally and to other markets in the region, including the US. According to reports, a feasibility study for the plant is already underway and discussions are currently taking place with government officials over factory location, investment incentives and other benefits.

See Also:

Mexico is one of the largest exporters of goods to the US, with numerous vehicle brands also making the most of low-cost production in the country to target the US market. BYD is also looking to tap into this opportunity.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

The US auto industry, including Tesla, has warned of the adverse effects that the entry of cheap Chinese vehicles would have on the US automotive industry. Elon Musk warned that without trade barriers, Chinese automakers “would demolish” the local US auto industry.

BYD has already invested over US$600m in Latin America, in Brazil’s Bahia state, to produce vehicles in an industrial complex which until 2021 was occupied by US automaker Ford.