(By Leonardo Lara, Bloomberg, 2.Jul.2025, Words: 220) — China’s top electric vehicle maker, BYD Co., has shelved plans to build a major plant in Mexico over geopolitical tensions and uncertainty stemming from US President Donald Trump’s trade policies.
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The company remains interested in expanding in the Americas but has no timeline to make a new investment, BYD Executive Vice President Stella Li said in a Tuesday interview in the Brazilian state of Bahia, where the company is opening its first factory outside Asia.
“Geopolitical issues have a big impact on the automotive industry,” Li said. “Now everybody is rethinking their strategy in other countries. We want to wait for more clarity before making our decision.”
BYD had been scouting three locations in Mexico for the new car plant before it stopped actively searching last year as it awaited the results of the US presidential election, Bloomberg News reported in September.
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Mexican President Claudia Sheinbaum in March said BYD hadn’t made a formal offer to invest in the country. China’s commerce ministry delayed approval of BYD’s Mexico plant over concerns that the company’s technology could be accessed by the US, the Financial Times reported in March.
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By Pedro Silva reporting from Salvador. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
