Washington has raised concerns with Mexico over an imminent wave of Chinese investment into the country, as three of China’s largest electric-vehicle makers prepare to build factories south of the US border.
MG, BYD and Chery, known in Mexico as Chirey, have all been speaking to officials in Mexico to find sites this year, according to several people with knowledge of the talks. Another Chinese company is planning to build a $12bn battery plant, one person said.
The investment push, which could give producers in China a valuable foothold in the region, puts Latin America’s second-largest economy in the middle of the US-China trade war.
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