Chinese EV maker BYD eyes state incentives for Mexico plant
Hindustan TimesBy Cassandra Garrison Chinese EV maker BYD eyes state incentives for Mexico plant MEXICO CITY, - 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. Jorge Vallejo, BYD's Mexico director general, told Reuters the company was reviewing the latest proposals by the candidate states, which have offered "many benefits" including fiscal, land, management and preferential pricing incentives. Vallejo, speaking after unveiling of BYD's Song Pro plug-in hybrid SUV in Mexico, said that the firm had not yet identified which models would be produced at the Mexico plant. BYD executives were hoping to meet with the team of Mexican President-elect Claudia Sheinbaum and the economy ministry in the "coming days" to share plans for the plant, Vallejo said.
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