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BYD hits tariff roadblock after ramping up Mexico sales

The Mexican government’s plans to raise tariffs on Chinese-made cars to 50% could stall BYD’s growth engine in the North American market.

This article only represents the author's own views.

Chinese electric cars have become a common sight on the streets of Mexico as they glide through busy traffic. But with new trade ructions, the road ahead could be bumpy.

Mexico has announced plans to slap 50% tariffs on car imports from countries that are not covered by its free trade deals, including China. The measures, which apply to both conventional and electric vehicles, would hit foreign brands that sell imported models, such as Tesla (TSLA.US) and BYD Company Ltd. (1211.HK; 002594.SZ), potentially reshaping the region’s auto market.

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咏竹坊

咏竹坊(官网链接)提供在香港和美国上市的manbetx3.0 企业相关新闻,重点关注中小企业和筹备上市的公司。

Bamboo Works (official website) provides news on Chinese companies listed in Hong Kong and the United States, with a strong focus on mid-cap and also pre-IPO companies.

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