
Chinese Automaker BYD Advocates for Reduced EV Tariffs in Mexico, According to Reuters
MEXICO CITY (Reuters) – Chinese automaker BYD is requesting an extension of tariff relief for electric vehicle imports from the Mexican government, according to an executive’s interview published on Friday. The company’s intention is to establish a manufacturing plant in Mexico.
Currently, a decree that exempts approximately 15% to 20% of tariff payments on electric vehicles imported from countries without a trade agreement with Mexico is set to expire at the end of the month, coinciding with the departure of President Andres Manuel Lopez Obrador from office.
Jorge Vallejo, the head of BYD in Mexico, stated in the interview, "We have proposed to the Mexican government the possibility of extending the decree in relation to our investment in a new plant."
BYD began selling vehicles in the Mexican market last year by importing them, and it has since announced plans for a local manufacturing facility that is projected to produce up to 500,000 cars annually for the domestic market.