According to The Wall Street Journal, sources revealed that BYD, headquartered in Shenzhen, is scouting factory locations in Mexico and has begun feasibility studies. The Mexican Ministry of Economy stated that Stella Li, a senior executive at BYD, visited Mexico in January 2024 to discuss the company’s expansion plans and negotiate terms, including factory location, with local officials. BYD, renowned for its affordability in China, surpassed its largest competitor, Tesla, in the last quarter of 2023, bec
