The moves of the Chinese BYD to arrive in the USA
After Brazil, BYD intensifies its presence in the New World and is aiming for Mexico: the goal is to churn out electric cars destined for the USA and Canada
While immense container ships , packed with Chinese electric cars branded BYD, set sail with their bows headed West, towards the Old Continent, the Shenzhen company – which has just celebrated overtaking Tesla in the productivity competition – takes other small, big steps to get there. In the USA.
BYD AND TESLA COMPETE OVER MEXICO
Without too much imagination, like Tesla (which also has its main gigafactory in China, in Shanghai), BYD is targeting Mexico to build its own plant that will churn out electric cars aimed at both the US and the Canadian market.
It had been talked about for a few months and the press indiscretion was made official by the Mexican country manager Zhou Zou , heard by the Japanese newspaper Nikkei . BYD has already started a feasibility study for a manufacturing plant and is in talks with Mexican government officials regarding the location to house the plants.
The gigafactory that BYD wants to build in Mexico is destined to become one of its most important. Exactly like the one that Elon Musk intends to build in the same geographical region.
THE MAXI INVESTMENT IN SOUTH AMERICA
It will not be the first gigafactory that BYD is allocating to the New World: the Chinese have in fact already confirmed an agreement last year to open a production plant in Bahia with the intention of starting operations simultaneously by the second part of 2024, three factories in the complex of Camaçari, 50 km from Salvador, Brazil.
The total investment was 3 billion Brazilian dollars and sees a plant dedicated to the production of chassis for electric buses and trucks, the second intended for hybrid and electric cars, with an estimated capacity of 150,000 units per year in the first phase while the third unit, focused on lithium and iron phosphate processing, will serve the global market, using the existing infrastructure of the Port of Bahia.
AND EUROPE?
As for the Old Continent, BYD will build a hub in Hungary . And it will also be one of the few brands present at the Geneva Motor Show scheduled from February 26th to March 3rd: the intention is to exploit that stage to present the cars destined for Europe, also with the premium Yangwang brand. The Chinese electric car invasion has officially begun.
This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/byd-usa-messico/ on Mon, 19 Feb 2024 09:09:38 +0000.