Tesla rival BYD weighs EV plant in Mexico

Chinese automaker's regional chief reveals plans with eye on U.S. market

20240213N BYD Seal REUTERS

BYD surpassed Tesla in global electric vehicle sales in the fourth quarter last year. © Reuters

TOMOHIRO ICHIHARA, Nikkei staff writer

MEXICO CITY -- Top Chinese electric vehicle maker BYD 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.

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.

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