Electric vehicle manufacturer BYD is currently in the process of analyzing potential locations to build its plant in Mexico. The company plans to create around 10,000 jobs and has narrowed down its choices to three possible locations for the factory. BYD aims to sell 50,000 units in Mexico this year and sees the country as an important market for their expansion strategy.
While Vallejo did not specify the breakdown of jobs between direct employees and contractors, the scale of the plant is anticipated to be one of the largest automotive factories in the country. This expansion aligns with BYD’s goals to target other markets and diversify their offerings. In contrast, American electric vehicle company Tesla has yet to begin construction on its proposed factory in Nuevo León, highlighting the differing pace and progress between companies in the electric vehicle industry. Despite potential challenges like tariffs on Chinese vehicles, BYD remains committed to expanding its operations in Mexico and tapping into the country’s growing automotive market.
