The Chinese government is delaying the approval of the Electric Vehicle (EV) manufacturer PIT to build a plant in Mexico, in the midst of anxiety that the US can access smart car technology, said the Financial Times (FT).
The London -based newspaper on Tuesday said that Chinese vehicle manufacturers need the approval of the Chinese Trade Ministry to cite two people outdoors and produce two persons outside China.
PIT, the world’s largest EV company, announced the opening of a plant in Mexico by 2023 Confirmed that purpose at the beginning of 2024. According to Shenzhen -based company This plant will create about 10,000 jobs And produce 150,000 vehicles per year. BYD American CEO Stella Li has urged that vehicles will be sold only in the Mexican market where 40,000 BIT cards were sold last year, but there are some doubts about the claim.
FT says that if you open a plant in Mexico, Mexico is afraid of “BYD’s advanced technology”, citing its two sources. They said Mexico could allow the US to access that technology.
“The biggest concern for the Ministry of Commerce is near Mexico,” said a source at the base.
Two sources of the newspaper reported that Beijing is prioritizing projects in countries where China is part of China Belt and road attemptGlobal Infrastructure Development Strategy.
“Changing geopolitical mechanisms has contributed to the Mexico refrigeration on the plant,” the feet said.
Trump’s security guard
US President Donald Trump has issued a suspension of thinking by threatening to impose potential investors in Mexico – Then imposes briefly – 25% of all imports from Mexico. Despite a free trade agreement with the US and Canada to Mexico, it is not sure that Trump will not repay the blanket fees on Mexican products at some point in the future.
Mexican steel and aluminumAnd products that are not under the USCA are currently under 25% tax, and additional Mexican products – including cars – may be affected by the early next month or other obligations. Trump is The Chinese companies threatened to impose more fees on vehicles manufactured in Mexico.
EV from Mexico to the United States
It is possible that Mexico will impose new charges for importing from China – or even a strong probability may be another factor.
Trump has accused Mexico of being a “door” for Chinese products for entering the US without a fee. In the late last year, “I will seek strong new protection against the transition,” he said In the renewed USMCA, “China and other countries cannot harm our workers and our distribution chains without taxing their products and automotive areas via Mexico to the United States.”
The Mexican government denies that Mexico is a transition center, Imposed new charges for some imports such as textile and clothing. It has also introduced anti -dumping investigations in Chinese steel and aluminum products, late last month, President Claudia Shinebam said It was an option to impose additional charges for imports from countries where Mexico did not have free trade agreements such as China.
Shinebam and other Mexican officials have urged their main motivation to impose new fees than to satisfy the US more than to satisfy the US. However, the government has insisted that it is prioritizing its trade ties with the United States – where more than 80% of Mexican exports are being sent – and Economic Minister Marcelo Ebert Even said In the midst of the trade war between the United States and China, Mexico “mobilizes all fair interests in favor of North America”.
In October, Shinbam was Persuaded by a group of US legislators To overcome the “national security risks” associated with Chinese ability “Attached” Vehicles to collect important data.
Is Mexico against China because of US pressure?
The Mexican government has made it clear that it wants to reduce importing from Mexico and other Asian countries. To do so, and to strengthen the Mexican industry The Mexico Economic Scheme announced by the government in January.
In addition to imposing new charges for importing from China, the Chinese EV is planning to invest in Mexico. The Mexican government refused to give federal concessions to manufacturers, According to the Mexican officials who spoke with Reuters almost a year ago. Officials told the news agency that the move was the result of pressure from the US government, especially the office of the US trade representative. The pressure has only increased since Trump returned to the White House in January.
One of the sources of FT said, “Mexico’s new government has taken a hostile attitude towards Chinese companies so that the situation is still challenging to the BYD.”
Sebastian, a member of the China Corporate Advisory Council of the Rhodium Group, which focuses on the Chinese industrial policy and the EV sector, said the FT place was “there is no meaning” for the BYD to accelerate the construction of a new plant in Mexico. He pointed out that the BYD should import a large number of components from China to create cars in Mexico. The Mexican government can impose new charges to those areas, which will increase costs for BYD.
The FT USA CEO Stella Li recently said that no decision has been made on the company’s proposed plant in Mexico.
“Every day is different news. So we have to do our work,” he said.
“We need to be further examined on how we can satisfy and improve everyone,” Li said.
Responding to the FT’s statement at a press conference on Wednesday morning, President Shinbam said that when Mexico had a “investment plan” for Mexico, its plan is “never proper”.
He said Chinese companies could invest in Mexico, but emphasized that Mexico prioritize its relationship with its North American free trade partners.
Chronicles of Proposed Plant Related Advancement of BYD’s proposed plant in Mexico
- Byd confirmed the purpose of building a plant in Mexico In February 2024.
- Stella li said in February 2024, the company would choose a place for the plant by the end of this year.
- Mexican officials informed Reuters on April 2024 Chinese EV is planning to invest in Mexico. The pressure of US officials to refuse to offer concessions to manufacturers led to the Mexican government.
- BYD Mexico General Director George Valezo Said last June The company is planned to be a planned EV in Mexico. There was final negotiations on the plant’s location.
- China’s former Mexican Ambassador George Gujarto Daily Mexico News said in June Chinese companies “have a long history they do not follow investment announcements.”
- Walezo said in August The company has reduced the list of possible places for the plant to three states, but not revealing which.
- Li said in September The BYD did not postpone the final decision on its proposed Mexico plant, indicating the announcement of the location of the factory by the end of 2024.
- Walezo said in August The BYD is expected to sell 100,000 vehicles in Mexico by 2025.
- President Shinebam said in November “No Chinese vehicle company has any firm investment plan (in Mexico) yet.”
With the report Financial hours
