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HUGE NEWS NEW BYD PLANT IN MEXICO


The recent BYD announcement of its new automotive factory in Mexico is huge, not just for its scope, but because of the issues it raises. By setting up production in Mexico and abiding by the USMCA rules of a specific amount of North American content and labor, BYD’s products will qualify for the little or no tariffs provided by the agreement. This means that technically BYD can manufacture its products in Mexico and avoid the 102 percent tariffs when exporting its Mexican-manufactured products to the U.S. This will totally help it circumnavigate the U.S.-China trade war and have access to the huge U.S. EV market.