China's BYD plans new electric vehicle plant in Mexico, says Nikkei
BYD, known for its cheaper models and a more varied lineup, recently overtook its biggest rival Tesla Inc to become the world's top EV maker in terms of sales. While BYD has its sales concentrated in China, it also aims to expand globally and is building new plants overseas in addition to expanding Chinese exports. Mexico's massive automaking sector, populated by many of the industry's top global players, is tightly integrated with the U.S. industry.