Electric Vehicles

Mexico, facing US pressure, will halt incentives to Chinese EV makers


Mexico, facing US pressure, will halt incentives to Chinese EV makers

by bobsil1

3 Comments

  1. CallMeBlaBla

    Making NA the last strong hold of petrol and ICE together!

  2. >At the meeting, Mexican officials made clear they would not give incentives like those awarded to automakers in the past and that officials would be putting on pause any future meetings with Chinese automakers, said the sources, who asked not to be identified.

    When laws don’t work, don’t make laws.

    >About 20 Chinese automakers now sell cars in Mexico but none yet have a plant in the country. Chinese vehicles constitute about a third of the total brand offerings in Mexico.

    In other news Mexico surpassed China for number 1 importer into USA. In other, other news, China has been building lots of factories in Mexico lately.

    >”A sizeable proportion of the goods arriving in Mexico by ocean will likely be trucked into the U.S., which gives rise to the suspicion that the increase in trade we are witnessing is due to importers trying to circumvent U.S. tariffs,”

    Oh well. So much for free market capitalism. Oh, wait,

    >One of the sources told Reuters that BYD was now chasing incentives from state governments instead even though they are substantially less beneficial than the federal ones.

    >Industrial states like Durango, Jalisco, Mexico State and Nuevo Leon are looking for Chinese automakers to open assembly plants, offering a wide range of incentives. Nuevo Leon last December approved $153 million in incentives for a Tesla plant.

    Too bad we can’t build these factories in USA.

    >Bautista added that these kinds of incentives have been reduced under the current government, but some have still been given to major investors like Volkswagen’s Audi.

    Hold onto your butts,

    >Mexican officials said that although Chinese investment could help the local economy, the government is concerned about angering Washington with USMCA up for revision in 2026.

    I really don’t understand why people think Chinese EV makers are going to sneak into USA market. China is going to build factories in Mexico and Brazil. They will sell Chinese EVs to the world (except USA of course).

  3. MarbleFox_

    Fuck the US, Mexico shouldn’t let the US bully them into policies that favor the US.

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