BYD is suspending plans for a factory in Mexico because of concerns related to US trade policies, particularly tariffs on Mexico-made vehicles. The company remains committed to expanding into North or South America but lacks a timeline for these plans. Geopolitical issues impact automotive strategies, prompting manufacturers to reconsider their global positioning. Compounding these challenges, BYD has plans for a factory in Brazil, although its operation faced legal issues over labor conditions. Tariffs imposed by the US government continue to affect various automakers producing in Mexico.
BYD is halting plans to build a major factory in Mexico due to concerns about US trade policies. Geopolitical issues have a big impact on the automotive industry. Now everybody is rethinking their strategy in other countries.
President Donald Trump's tariffs have been a big pain point for US and global automakers. Cars coming from Mexico to the US remain subject to a 25% tariff.
In the region, BYD is opening a plant in the Brazilian state of Bahia, the company's first factory outside Asia.
In December, Brazilian authorities halted the construction of BYD factory and sued the company, saying that construction workers lived in slavery-like conditions. Over 160 workers had been rescued from the working conditions.
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