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.
Led by the automaker BYD, China has established itself as the main car supplier in Mexico. Prevented from selling their wares to the United States due to tariffs, Chinese EV manufacturers have explored other markets to sell their high-tech cars. However, as Mexico establishes itself as a key market for Chinese electric vehicles, officials in Washington fear that Mexico could be used as a “back door” to access the US market.
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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.
Led by the automaker BYD, China has established itself as the main car supplier in Mexico. Prevented from selling their wares to the United States due to tariffs, Chinese EV manufacturers have explored other markets to sell their high-tech cars. However, as Mexico establishes itself as a key market for Chinese electric vehicles, officials in Washington fear that Mexico could be used as a “back door” to access the US market.
Full story: https://www.wired.com/story/china-conquers-mexican-automotive-market-and-the-us-is-worried/