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Chinese EVs Are Making Waves in Mexico – What It Means for the Future

  • Chinese electric vehicle (EV) makers like BYD, Chery, Geely, and SAIC are gaining traction in the Mexican automotive market due to stylish designs, competitive pricing, and practicality in a country with air pollution and rising fuel costs.
  • Mexico City's driving restrictions and smog bans exempt EV owners, making EVs an attractive choice. Additionally, lower operating costs due to cheaper electricity compared to gasoline make EVs a budget-friendly option in the long run.
  • EV sales in Mexico are growing rapidly, up 40% compared to 2023, and Chinese brands are capitalizing on this trend by establishing dealerships and planning local factories to expand across Central and South America.
  • While Chinese automakers currently focus on Mexico, they have their eyes on the United States as well. Lower tariffs on cars built in Mexico compared to those from China could potentially make Mexico a backdoor for affordable Chinese EVs to enter North America.

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