Mexico announced that they would suspend talks with BYD, over the Chinese automaker's plans to establish a large factory in Mexico, for production of vehicles to the North American market. Mexico also announced that they would not be meeting further with other Chinese carmakers.
Sources say that US trade officials began exerting pressure on Mexico beginning in September of last year, and in January Mexico terminated negotiations with the Chinese automaker over fears that the US would punish Mexico when the North American trade agreement comes up for renewal in 2026.
Resources and links:
Mexico, facing US pressure, will halt incentives to China's carmakers
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BYD confirms Mexico factory plan
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One of Tesla's biggest rivals may be setting up shop it its own back yard
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Mexican government closes US market's back door
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