Chinese electric vehicle manufacturers MG, BYD and Chery consider factories in Mexico, alarming Joe Biden’s administration

  • Home
  • Electric Vehicles
  • Chinese electric vehicle manufacturers MG, BYD and Chery consider factories in Mexico, alarming Joe Biden’s administration

Mexico, the world’s seventh-largest carmaking nation, is one of the countries best placed to benefit from an upheaval in global supply chains caused by disruptions in the COVID-19 pandemic and the US-China trade war. It offers cheaper labour, a broad-based car supply chain and access to the North American free trade deal USMCA.

“The interest of Chinese companies in the Mexican market has grown exponentially,” said Francisco Bautista of EY Latin America, which is working with…

Continue reading this news update.

Comments are closed