China delays BYD factory in Mexico to protect technology

Chinese authorities have delayed approval for a new BYD factory in Mexico. Their concerns focus on the risk that advanced electric vehicle technology might be taken by American competitors. BYD, a major player in the global electric vehicle market, has outperformed Tesla. In 2024, BYD sold 3.4 million cars, while Tesla sold only 1.7 million. BYD is expanding rapidly and has recently announced new battery technology that allows vehicles to charge in just five minutes. Some claim that Chinese companies often steal intellectual property. However, BYD has successfully grown thanks to strong government support and a large domestic market. The company's cars have received positive reviews, and it is expanding its presence in markets like Mexico, Brazil, and Europe. Despite its success, BYD faces challenges internationally. There have been reports of labor issues in its factories. Additionally, former President Trump has warned countries like Mexico not to support Chinese companies like BYD. BYD had plans to build a factory in Mexico, but those plans are in doubt as local officials try to manage relations with the U.S. Currently, BYD does not sell cars in the U.S. due to government restrictions. However, some Americans might consider crossing the border to buy a BYD Dolphin Mini Plus, which offers a good driving range at an affordable price.