BYD delegation visits Mexico, electric vehicle factory may be located in Jalisco

According to Bloomberg, BYD is considering setting up an electric vehicle factory in Jalisco, Mexico, and has sent a delegation to the area to conduct a detailed inspection. This move shows BYD's positive attitude in expanding the international market and its optimism about the potential of the Mexican electric vehicle market.

In an interview, Jalisco State Economic Development Minister Roberto Arechederra confirmed the news of BYD executives meeting with local officials and revealed BYD’s detailed analysis of potential sites for the factory. He said BYD has conducted a comprehensive survey and research on local educational resources, population distribution and infrastructure.

According to reliable sources, BYD plans to build a factory in Mexico. The total construction cost is expected to reach approximately US$600 million, which is equivalent to the cost of the company's factory in Brazil. The factory's production capacity target is to produce 150,000 vehicles per year, aiming to meet the needs of the Mexican market rather than exporting to other regions.

Stella, President of BYD Americas Li (Li Ke) said in an interview with Bloomberg that when the company launched the new Dolphin Mini model in Mexico, it visited multiple states to explore business opportunities and bring innovation and technology to the local area. She emphasized that BYD's plan to build a factory in Mexico is based on considerations of increasing market share and serving local consumers, rather than simply being export-oriented. Therefore, the company is looking for suitable factory locations in the central and southern regions to reduce transportation costs to reach consumers.

Li Ke also emphasized: "Our goal is to set up a production base in the Mexican market, not the export market. We plan to better meet the needs of local consumers and provide better products by establishing production facilities locally. Excellent products and services."

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