BYD expects to sell 50,000 EVs in Mexico this year and 100,000 in 2025, the head of the company's Mexican operations said.
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Category: BYD Mexico
The cost of building a Mexican plant could be around $600 million, similar to what BYD paid for its Brazilian EV plant, Bloomberg said, citing a person familiar with the matter.
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Seagull is the latest in the Ocean range offered by BYD in Brazil and Mexico, following the Seal and Dolphin.
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BYD's plan is to build the facility for the Mexican market, not the export market, a company executive said.
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BYD is considering setting up an EV plant in Mexico as it seeks to establish an export hub to the US, Nikkei reported.
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The Dolphin is the fourth model BYD launched in Mexico after the Han, Tang, and Yuan Plus, with a starting price of around $31,250.
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Delivery of 100 Yuan Plus units was made by BYD and three Mexican dealers.
(Image credit: BYD)
BYD (OTCMKTS: BYDDY) has delivered the first 100 units of the Yuan Plus, its first global electric vehicle (EV) model, in Mexico.
The delivery of the 100 Yuan Plus was made by BYD and three dealers, Continental, Dalton and Liverpool, which have stores in Mexico City and Guadalajara, BYD said today.
Yuan Plus is the first A-class SUV to feature BYD's e-Platform 3.0, initially available in China on February 19, 2022.
The model is the also first BYD model to be built for the global market under the name Atto 3 in several other markets. In the Mexican market, BYD is following the same name it used in China for the model.
"We are delighted to announce the simultaneous delivery of 100 BYD YUAN PLUS vehicles in Mexico City and Guadalajara. This milestone underscores the growing interest and demand for sustainable and efficient electric vehicles among Mexican consumers," said Zou Zhou, country manager of BYD Mexico.
BYD did not make any additional introductions for the model, which has previously been available in several markets, including Australia, Mongolia, Nepal and Jordan.
The model sold in China measures 4,455 mm in length, 1,875 mm in width and 1,615 mm in height, with a wheelbase of 2,720 mm.
The BYD Yuan Plus is powered by a motor with a peak power of 150 kW and a peak torque of 310 Nm, with a 0-100 km/h acceleration time of 7.3 seconds.
In Mexico, BYD announced in February that it has entered into a strategic auto finance partnership with Santander Bank, through which BYD will provide a full range of auto finance solutions to local dealers.
BYD and Santander Bank will also provide Mexican consumers with financial services for NEV purchases, including down payments as low as 10 percent, installments of up to 72 months and waiver of application fees for vehicle purchase loans, according to a previous press release.
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BYD will sell all-electric versions of its Tang SUV and Han sedan through seven dealers in Mexico in 2023, an executive said last year.
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