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Chinese electric carmaker BYD denies pause on Mexico plant plans

09/03/2024

Less than a minute

2024.09.03 14:27

© Reuters. FILE PHOTO: The BYD Shark is displayed on the day Chinese EV maker BYD launches its new truck, on the Mexican market in an event in Mexico City, Mexico May 14, 2024. REUTERS/Henry Romero/File Photo

MEXICO CITY (Reuters) – Chinese automaker BYD (SZ:) said on Tuesday that it had not postponed “any decision” regarding its planned plant in Mexico, denying a Bloomberg report from earlier in the day.

Bloomberg had reported that BYD had tapped the brakes on scouting locations for the plant and that the company wouldn’t announce the investment until after U.S. elections in November.

09/03/2024

Less than a minute

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