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Led by the automaker BYD, China has established itself as the main car supplier in Mexico. The US worries China could use Mexico as a “back door” to sidestep tariffs and gain footing in the US market. (www.wired.com)

submitted 2 months ago* (last edited 2 months ago) by UnderpantsWeevil@lemmy.world to c/world@lemmy.world

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China has positioned itself as the main car supplier in Mexico, with exports reaching $4.6 billion in 2023, according to data from Mexico's Secretariat of Economy.

The Chinese automaker BYD surpassed Honda and Nissan to position itself as the seventh largest automaker in the world by number of units sold during the April to June quarter. This growth was driven by increased demand for its affordable electric vehicles, according to data from automakers and research firm MarkLines.

The company's new vehicle sales rose 40 percent year over year to 980,000 units in the quarter—the same quarter wherein most major automakers, including Toyota and Volkswagen, experienced a decline in sales. Much of BYD's growth is attributed to its overseas sales, which nearly tripled in the past year to 105,000 units. Now BYD is considering locating its new auto plant in three Mexican states: Durango, Jalisco, and Nuevo Leon.

Foreign investment would be an economic boost for Mexico. The company has claimed that a plant there would create about 10,000 jobs. A Tesla competitor, BYD markets its Dolphin Mini model in Mexico for about 398,800 pesos—about $21,300 dollars—a little more than half the price of the cheapest Tesla model.

...

That tariff-free access is part of the US-Mexico-Canada Agreement (T-MEC), an updated version of the North American Free Trade Agreement that, as of 2018, eliminated tariffs on many products traded between the North American countries. Under the treaty, if a foreign automotive company that manufactures vehicles in Canada or Mexico can demonstrate that the materials used are locally sourced, its products can be exported to the United States virtually duty-free.

MAGA strikes again

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[-] Hello_there@fedia.io 6 points 2 months ago

IMO, they should allow Chinese vehicles under a certain weight. Leave some protectionism while forcing the market to adjust downwards

[-] ravhall@discuss.online 4 points 2 months ago

Keep them China trucks out!!! Gimme my ‘Merica truck!

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I would be more than happy to drive a $15000 electric car.

[-] Dudewitbow@lemmy.zip 3 points 2 months ago

its not really 15k though, even countries that are near China and has a BYD factory built in it doesnt get that pricing. The Dolphin in Thailand is a 700k Baht (~19k USD) vehicle

unless china could both skirt laws, ontop of have a supply chain that already exists in the Americas thats is equal or cheaper than in asia, they would not get that pricing unless they stripped the already stripped down vehicles even further.

[-] ravhall@discuss.online 1 points 2 months ago

Okay, 19k

[-] Rekorse@sh.itjust.works 1 points 2 months ago

We aren't letting Chinese cars in, we are letting Mexican cars in.

this post was submitted on 03 Sep 2024

150 points (94.1% liked)

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