In recent years, Chinese investment in the Mexican automotive industry has shown significant growth, reflecting a global expansion strategy by Chinese automotive companies. These investments aim not only to meet local demand but also to export vehicles to other markets, primarily the United States and Canada. Chinese investment has contributed to job creation and the development of infrastructure in the regions where they are established, boosting the local economy and the Mexican automotive industry as a whole.

BYD (Build Your Dreams) is one of the leading automotive companies in China and has experienced remarkable growth in its sales in recent years. In 2023, BYD reported record sales, surpassing 1.8 million vehicles sold worldwide. This figure includes both electric vehicles (EVs) and hybrid electric vehicles (HEVs), highlighting its strong presence in the new energy vehicle market.

The company has been expanding its presence in international markets, including Mexicowhere its vehicles have gained popularity thanks to their advanced technology and competitive prices. BYD's expansion into foreign markets is part of its strategy to become a global leader in the automotive industry, and its sales reflect a growing interest and acceptance of its products outside of China.

Recently, Jorge Vallejo, CEO of BYD Mexico, in an interview with Bloomberg, highlighted that the automaker will generate 10,000 jobs and is considering three states for its establishment, with the final decision to be announced soon.

Source: https://mexicoindustry.com/noticia/planta-byd-en-mexico-generara-10-000-empleos