Chinese electric vehicle maker BYD (BYDDF) is considering setting up a plant in Mexico, the head of the company’s local subsidiary has told Nikkei, as the automaker seeks to establish an export hub to the U.S., Nikkei’s Tomohiro Ichihara reports. Overseas production is indispensable for an international brand, said Zhou Zou, country manager of BYD Mexico. Mexico is a key market with vast potential, Zou added, expressing eagerness for a plant in the country. In the fourth quarter of 2023, BYD beat Tesla (TSLA) for the first time ever in terms of global EV sales volume, the author notes.
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