Etiqueta: BYD

Chinese EV giant BYD saw significant growth in June, achieving its highest monthly sales figure for new energy vehicles (NEVs) this year.

BYD said it still plans to grow in North and South America, but it doesn’t know when.

Tesla sales through June fell 13% to some 720,000 vehicles—but volumes for BYD of China soared 41% to crack the 1 million vehicle mark already halfway through the year.

Facing rising geopolitical tensions and uncertainty surrounding US trade policy under President Donald J. Trump, Chinese EV maker BYD has put plans for a large-scale factory in Mexico on hold.

China’s leading EV maker BYD has shelved plans for a major factory in Mexico due to geopolitical tensions and US trade uncertainty under US President Donald

The BYD Xia has been renamed the BYD M9 in Mexico, with a starting price of 979,800 Mexican pesos ($52,120).

BYD’s latest discounts are unlikely to be met warmly by local competitors, which have described its price cuts as “cutthroat” and coercive. By Stewart Burnett

BYD has canceled plans for a major electric vehicle factory in Mexico, citing uncertainty around US trade policies and rising tariffs on Mexico-made cars. The Chinese EV maker is expanding elsewhere, including in Brazil, where it faces labor violations. BYD remains focused on long-term international growth despite these setbacks

BYD has shelved plans to build a major factory in Mexico due to geopolitical tensions and uncertainty caused by Trump's trade policies, Bloomberg reported.