Spinee wrote a post · Apr 18 23:46

Mexico Halts Incentives to Chinese Carmakers Amid US Pressure

Mexican government discontinues offering incentives to Chinese electric vehicle firms, including $BYD COMPANY(01211.HK)$ , due to pressure from the United States.

Senior Mexican officials met with BYD executives in January and decided to cease incentives previously provided.

President Biden's administration aims to prevent an influx of Chinese cars into the market, citing national security concerns.

Despite rumors of BYD seeking incentives from Mexican state governments, benefits are expected to be limited compared to federal incentives.

$BYD Company Limited(002594.SZ)$ $NIO Inc(NIO.US)$ $NIO Inc. USD OV(NIO.SG)$ $NIO-SW(09866.HK)$ $XPENG-W(09868.HK)$ $XPeng(XPEV.US)$ $Tesla(TSLA.US)$

Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only. Read more

Translate

Report

9594 Views

Comment

Spinee

1349Followers

8Following

9287Visitors