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BYD could totally avoid the tariffs by making in the USA (well, they were planning a factory in Mexico, and tariffs on car parts will kill that if something doe
by aurareturn 2y ago
BYD could totally avoid the tariffs by making in the USA (well, they were planning a factory in Mexico, and tariffs on car parts will kill that if something doesn’t change). They already set up a bus factory in SoCal. My guess is that Chinese automakers are still hesitant about introducing their brands to Americans given politics (Volvo and Polestar are Chinese owned but I think the design is still mainly done in Sweden?).
Yea you nailed it in the end. No way BYD would invest in a factory when the entire government and media are anti-China and could expel you out of the country any moment. The US is not predictable for businesses and investments right now.