The BYD Xia has been renamed the BYD M9 in Mexico, with a starting price of 979,800 Mexican pesos ($52,120).
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Category: BYD Mexico
BYD has shelved plans to build a major factory in Mexico due to geopolitical tensions and uncertainty caused by Trump's trade policies, Bloomberg reported.
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China is delaying approval for BYD and Geely to produce cars in Latin America as US tariffs fuel trade and economic uncertainties, Reuters reported.
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Chinese authorities are concerned that Mexico would gain unrestricted access to BYD's advanced technology and may even possibly allow the US access to it, according to the Financial Times.
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The Sealion 07 EV has been rebranded as the Sealion 7 in Mexico with a starting price of 949,800 Mexican pesos ($46,200).
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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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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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