Etiqueta: Mexico

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The number of dealerships BYD plans for Canada is not commensurate with the number of Chinese EV imports permitted under new trade policy. By Stewart Burnett

Competition is brewing between the U.S. and its neighbors to attract China’s automaking giants.

BYD plans a 300 million BRL research and testing complex at Galeão Airport, set to open in 2028, as Brazil cements its role as the automaker's largest market outside China.

BYD shares jump 7.8% in Hong Kong on 100,000 export orders from Mexico and Argentina, boosting confidence in overseas growth

US and Japanese automakers have fallen far behind their Chinese rivals, as even Big Three CEOs freely acknowledge. Their ultimate fate, however, is far from certain. This tragedy will play out over several years, but one possible scenario includes the failure of one or several of the legacy OEMs. Could the Chinese someday add insult... Read more »

BYD announced it plans to invest BRL 300 million (US$ 57 million) to build a new research and testing centre in Brazil.

Recent reports and statements from BYD Vice President Stella Li indicate that their new Bahia plant in eastern Brazil recently received export orders totaling 100,000 units, split between Mexico and Argentina. The news sent BYD’s share price up on Monday. However, the implications to BYDs overall business and the global adoption of EV’s go much farther.While it can be a challenge to get firm numbers out of Mexico, BYD made up at least 70% of the Mexican EV market in 2025, with roughly double the volume over the year before. The Dolphin Mini (Seagull) was the bestselling model. Chinese brands made up 20% of the overall new car market in Mexico. Plug-in vehicles were estimated to total around 100,000 sales in 2025. As such, the 50,000-vehicle order would be equivalent to the majority of BYD sales and half of the EV market last year. However, Mexico increased tariffs on vehicles from countries without a free trade agreement from 20% to 50%. These tariffs target China and were implemented under pressure from the US government. Although BYD tends to pad prices in countries that threaten protectionism to provide pricing stability, 50% is significant. However, Mexico has trade agreements with Brazil, and the 50,000-vehicle order alone takes much of the sting out of the tariffs.In Argentina, the potential impact is even larger. Last year Argentina sold 26,632 vehicles with some sort of electrification, but 76% of those were non-plug hybrids. That leaves BEVs and PHEVs at around 6400 or a little over 1% of the 571,308 new vehicles sold last year. That overall market was up 47.8% last year on a strong rebound. So far this year, BYD has ~75% EV market share. The Brazilian order alone would multiply the size of the Argentinian EV market. In addition, Argentina has exempted the first 50,000 imported plug-in vehicles from tariffs. That could lead to increased imports from China. But a Mercosur free trade agreement with Brazil means that sales could go far beyond that quota. Argentina’s EV market could transform dramatically.

Hong Kong-listed shares of BYD Co. Ltd. surged following a reported overseas sales boost in South America. The automaker’s shares listed on the Hong Kong stock exchange surged 8.3%, the most in more than a year, after reports emerged that the automaker’s facility in Brazil received an order of 100,000 units from Mexico and Argentina, Bloomberg reported on Monday, citing local Chinese media news. Hong Kong-listed shares of BYD’s fellow Chinese automakers, like Nio Inc. and Xiaomi Corp, also recor

BYD’s plant in Camaçari may soon need to expand beyond its initial 150,000-unit annual capacity. By Stewart Burnett