China Conquers Mexico’s Automotive Market, and the US Is Worried

www.wired.com

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China Conquers Mexico’s Automotive Market, and the US Is Worried

www.wired.com

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World NewsEnglish • 17 days ago

Led by the automaker BYD, China has established itself as the main car supplier in Mexico. The US worries China could use Mexico as a “back door” to sidestep tariffs and gain footing in the US market.

Foreign investment would be an economic boost for Mexico. The company has claimed that a plant there would create about 10,000 jobs. A Tesla competitor, BYD markets its Dolphin Mini model in Mexico for about 398,800 pesos—about $21,300 dollars—a little more than half the price of the cheapest Tesla model.

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@Yawweee877h444
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34•17 days ago
Awwwwww!

Are all the capitalists afraid of some friendly capitalist competition!?
- @CheeseNoodle
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  18•17 days ago
  I mean… China is capitalist too its just state capitalist.
  - @Yawweee877h444
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    6•17 days ago
    When did I say they weren’t lol

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