BYD may build electric vehicle factory in Mexico for US market
BYD may build electric vehicle factory in Mexico for US market
Producing cars in Mexico would make it cheaper for BYD to sell cars in the US.
This is the best summary I could come up with:
Factories are in various stages of planning or construction in Thailand, Hungary, and Brazil, and now, BYD is studying the feasibility of a factory in Mexico, potentially in Nuevo Leon, or perhaps the Baijo region in the middle of the country.
But building vehicles in Mexico would also mean BYD could take advantage of the US-Mexico-Canada Agreement, which would allow it to keep its prices lower.
That would be particularly advantageous if BYD plans to target the underserved lower end of the new car market.
BYD's EVs may not necessarily qualify for the full tax credit, as other parts of the law make an EV ineligible, depending on where its battery contents were sourced or if its battery was made by a Chinese-owned company.
The Alliance for American Manufacturing has gone so far as to call for a change to the USMCA "to ensure companies headquartered in a non-market economy like China cannot set up a factory in Mexico or Canada to gain preferential treatment."
And speaking about Chinese automakers last month, Tesla CEO Elon Musk said, "If there are no trade barriers established, they will pretty much demolish most other car companies in the world."
The original article contains 392 words, the summary contains 196 words. Saved 50%. I'm a bot and I'm open source!
these cars will go up in flames faster then a tesla but at least they will be cheaper.
EVs very rarely catch fire. A vehicle with a large tank of gasoline which is burned to produce power poses a much higher fire risk.
20-60x more likely to catch fire, depending on which study you look at. My first Google result said 20x, but it was on an EV focused website, and I thought they might not be impartial. But Kelly Blue Book should be pretty good, right? Their article says 60x.
https://www.kbb.com/car-news/study-electric-vehicles-involved-in-fewest-car-fires/
these cars will go up in flames faster then a tesla
source: /u/[email protected] 's hairy ass
Not with lithium iron phosphate. Ironically Tesla are probably shittier.