chinese carmaker called byd is planning to make electric cars in mexico. they want to build a factory there, but they need help from the government. the government wants something in return, like free land or money back on taxes. the carmaker is looking at three different places in mexico to build the factory. at first, they plan to make 150,000 cars and then more in the future. Read from source...
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Based on the article, Chinese electric vehicle manufacturer BYD Co. Is evaluating proposals from three Mexican states for its new plant. The focus is on incentives and infrastructure requirements. The new plant will produce 150,000 units in its first phase, scaling up to 400,000-500,000 units, serving the Mexican market only. The potential risks include geopolitical tensions between the U.S. and China, which could affect trade relations and access to incentives. Additionally, there may be risks associated with operating in a foreign market, such as regulatory compliance, currency fluctuations, and political instability.