BYD’s next step in its plans for world domination

AutoExec Summary
Chinese automaker BYD is looking to expand into the North American market by considering building a plant in Mexico. This move would allow the company to lower export costs to the US and potentially avoid tariffs on Chinese-made goods. However, US federal tax incentives for electric vehicles may still be a challenge. The company is also expanding its production in other countries, including Hungary and Brazil. Chinese carmakers are gaining traction in Mexico, with over 120,000 vehicles sold in 2023.

Brands mentioned: BYD, Tesla, Geely, Volvo, Polestar, Buick, Lincoln, MG, Chery, Changan, JAC, Audi, BMW, Ford, General Motors, Mazda, Stellantis, Volkswagen.