BYD may build electric vehicle factory in Mexico for US market

News Snapshot:

The Chinese automaker BYD—which stands for Build Your Dreams—is on something of a roll. Last year, it sold more than 3 million cars, including 1.4 million hybrids and another 1.6 million battery electric vehicles. It even sold more BEVs in China than Tesla in the final three months of 2023, helped by the fact that its larger portfolio of vehicles includes smaller and cheaper vehicles. Now, BYD is considering opening a plant in Mexico, according to Nikkei Asia. Although most of BYD's sales are in China, the automaker has more global ambitions. Factories are in various stages of planning or...