BYD Americas Chief Says UAW Strike ‘Damages’ Industry
- The Chinese EV and hybrid maker may build a factory in Mexico
- Strike puts sought-after investment at risk, Li says
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The United Auto Workers’ strike “damages” the US auto industry at a time when President Joe Biden seeks to attract manufacturing investment, said Stella Li, Americas president for BYD Co., the Chinese EV and plug-in hybrid maker.
“All of the auto companies are facing a challenge from electric vehicles. It’s already very hard for them,” said Li in an interview in Mexico City on Friday. “On the one hand, the US is putting a lot of money toward this, and on the other, this strike is scaring everybody away.”