<ul data-eligibleForWebStory="false"><li>BYD, the world's largest electric vehicle maker, is halting plans to build a major factory in Mexico due to concerns about US trade policies.</li><li>BYD still plans to expand into North or South America, but no timeline has been set for this plan.</li><li>The company is opening a factory in Brazil, its first outside Asia, as part of its expansion into the Americas.</li><li>BYD's stock is up 38% this year due to strong battery technology, affordability, and global expansion, with the company selling more EVs than Tesla in Europe for the first time in April.</li></ul>

Tesla competitor BYD axes Mexico factory plans

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