BYD mulls EV plant in Mexico as an 'export hub' to the US and overseas markets
BYD mulls EV plant in Mexico as an 'export hub' to the US and overseas markets
As BYD continues its dominant global expansion, the EV maker’s latest target is a stone’s throw from the US. BYD...
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This will be the only thing that gets auto makers selling cars in the US to bring their prices down. Once the Chinese are knocking on the door shit better change.
Used Teslas have come down in price.
If China gets close to selling in USA then another law or tariff will continue to keep them out.
In the meantime China will continue to sell EVs to the world. Except USA, of course.
Way back when, auto companies were freaked out about Japanese imports. There were even contests where people took turns smashing a Japanese car with sledgehammers.
The foreign car companies just moved their operations to the US, Canada, and Mexico. It was actually cheaper for them to assemble in Mexico then ship the cars across the border than sending built cars on ships. They didn't care. They still made money.
Chinese auto companies will probably take the same route. BYD will likely build local factories and battery plants. They'll find under-served areas where the wages are low. The cars will cost a bit more than the Chinese versions, but still be cheaper than US, Japanese, and European brands. They'll still make money.
Do you know why China did not do this 10 years ago? Hint, it's related to my comment.
Don't hold your breath for it. I suppose the US may pull some national security or human rights move to block BYD & other chinese cars from selling there.
My bet is some sort of chicken tax repeat