China’s BYD Pauses Mexico Factory Plans Until After US Election
- BYD was scouting three locations, including Guadalajara area
- US political concerns also led Tesla to recently delay plans
Employees work on the assembly line at a BYD factory in Huai'an, China.
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China’s top electric-vehicle maker BYD Co. won’t announce a major plant investment in Mexico until at least after the US election, according to people familiar with the matter, as shifting American policy forces global businesses into wait-and-see mode.
BYD was scouting three locations for a car production facility in Mexico but has stopped actively looking for now, several of the people said, asking not to be identified discussing information that’s private.