BYD Mexico

The BYD Xia has been renamed the BYD M9 in Mexico, with a starting price of 979,800 Mexican pesos ($52,120).

BYD has shelved plans to build a major factory in Mexico due to geopolitical tensions and uncertainty caused by Trump's trade policies, Bloomberg reported.

China is delaying approval for BYD and Geely to produce cars in Latin America as US tariffs fuel trade and economic uncertainties, Reuters reported.

Chinese authorities are concerned that Mexico would gain unrestricted access to BYD's advanced technology and may even possibly allow the US access to it, according to the Financial Times.

The Sealion 07 EV has been rebranded as the Sealion 7 in Mexico with a starting price of 949,800 Mexican pesos ($46,200).

BYD expects to sell 50,000 EVs in Mexico this year and 100,000 in 2025, the head of the company's Mexican operations said.

The cost of building a Mexican plant could be around $600 million, similar to what BYD paid for its Brazilian EV plant, Bloomberg said, citing a person familiar with the matter.

Seagull is the latest in the Ocean range offered by BYD in Brazil and Mexico, following the Seal and Dolphin.

BYD's plan is to build the facility for the Mexican market, not the export market, a company executive said.

BYD is considering setting up an EV plant in Mexico as it seeks to establish an export hub to the US, Nikkei reported.