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Beijing Pauses Approval For BYD's Mexico Plant Over Tech Leak Worries: 'Biggest Concern Is Mexico's Proximity To The US'

Benzinga LogoBenzinga14h ago

Beijing Pauses Approval For BYD's Mexico Plant Over Tech Leak Worries: 'Biggest Concern Is Mexico's Proximity To The US' - Benzinga

Quick Summary:

The ministry has not yet given the go-ahead due to concerns that Mexico could gain unrestricted access to BYD’s advanced technology and know-how, possibly granting the U.S.access to it, according to a report from the Financial Times on Thursday.

Beijing has reportedly put on hold the approval for BYD Co Ltd. (OTC:BYDDY) (OTC:BYDDF) to set up a manufacturing plant in Mexico amid fear of key technology leakage to the U.S.

The proposed Mexican plant is expected to generate 10,000 jobs and manufacture 150,000 vehicles per year.“The commerce ministry’s ...

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Beijing Pauses Approval For BYD's Mexico Plant Over Tech Leak Worries: 'Biggest Concern Is Mexico's Proximity To The US' - Benzinga (Picture 1)

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Article Details

Author / Journalist: Namrata Sen

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-19 @ 12:45:28 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 489 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 27173277

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About Benzinga

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Main Topics: Technology

Official Website: benzinga.com

Update Frequency: 26 posts per day

Year Established: 2010

Headquarters: United States

News Last Updated: 11 hours ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #53

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  • URL: https://beamstart.com/news/beijing-pauses-approval-for-byds-17423885197691

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