Chinese EV maker BYD eyes state incentives for Mexico plant

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MEXICO CITY :Chinese electric carmaker BYD has narrowed its list of finalists for the location of a manufacturing plant in Mexico down to three states, and has received a range of proposed incentives to build in each, the firm's country head said on Wednesday.

BYD has previously said that its Mexico plant will not serve the U.S.market.

Mexico's northern Nuevo Leon state is an automotive hub, and set to be the location of a proposed Tesla mega-factory.

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Article Details

Category: EconomyBusiness

Markets: SingaporeMexicoOman

Topics: Displayed Plant Automaker August City Event Song Hybrid-electric Chinese Mexico 2024

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-22 @ 03:09:05 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 401 words

Reading Time: 3 minutes read

Sentences: 24 lines

Sentence Length: 17 words per sentence (average)

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

Copyright Owner: © Channel News Asia

News ID: 22199748

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Official Website: channelnewsasia.com

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Year Established: 1999

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News Last Updated: 52 minutes ago

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