The presentation marks the second unveiling in recent months as BYD considers potential sites in Mexico to build a plant
Chinese electric vehicle maker BYD has narrowed its list of finalists for the location of a manufacturing plant in Mexico down to three states and is reviewing a range of proposed incentives from them, the firm’s country head said on Wednesday.
“There are many elements, even logistical, that we are analyzing together with them,” he said, adding that the aim remained to identify the location by year-end. Mexico’s northern Nuevo Leon state is an automotive hub, and the location of a proposed Tesla mega-factory. It will also be home to a new Volvo plant, the state’s governor said this week.
The plant will produce 150,000 units in its first stage and 250,000 units in its second stage before eventually producing between 400,000 and 500,000 units in a few more years, Vallejo said.
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