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Jul
4

Mexico rejects BYD's EV plant plan

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Mexico has rejected BYD’s plans to build an EV factory near the US border, declining to provide land or subsidies amid pressure from Washington and ongoing trade talks. The project was expected to rival the scale of BYD’s Brazil plant and could have employed up to 10,000 people. The move stalls the Chinese automaker’s LATAM strategy despite surging sales and dealer expansion in Mexico.
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