China’s BYD launches hybrid pickup in Mexico as US hikes EV tariffs

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BYD أخبار

Us Tariffs

MEXICO CITY, May 15 — Chinese automaker BYD unveiled the Shark, a mid-size hybrid-electric pickup truck, in Mexico on Tuesday, as its regional chief brushed off new US tariff...

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It is for now only available in Mexico, executives said, and is the first time the world’s largest electric-vehicle maker has launched a new product outside its home country. In an interview with Reuters after the event, Li said the US tariff hikes have no impact on BYD, which plans to build a plant in Mexico.“We don’t have plans to go to the US market, so this announcement does not impact us at all,” Li said.

A “deeper dialogue” was needed to make the final decision, Li said, which was expected to come by the end of the year. Li said BYD has not yet discussed incentives with Mexico’s federal government, citing the busy period ahead of the country’s elections in June. She did not share details on incentives BYD would be seeking from the federal government or individual states.

 

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