“Chinese electric vehicle investment has not been confirmed”… Distancing investment from China and coordinating policies with the US?
Emphasis on “agreeing to maintain good relations between the two countries”… Peso recovery against the dollar
BYD vehicles at an exhibition in China
[베이징 AFP=연합뉴스. 재판매 및 DB 금지]
(Mexico City = Yonhap News) Correspondent Jae-rim Lee = The Mexican government, which is under a ‘tariff bomb threat’ from the second term administration of Donald Trump in the United States, which will be inaugurated in January next year, appears to be keeping its distance from Chinese electric vehicle companies’ intention to invest in Mexico. there is.
Mexican President Claudia Sheinbaum said at a regular press conference on the 28th (local time), “We have not confirmed any concrete project proposal from a Chinese automobile company to set up a factory in Mexico,” and added, “There are no confirmed investments related to Chinese electric vehicles.” said.
Although President Sheinbaum did not specify the company name, this appears to be a reference to Chinese electric vehicle company BYD.
advertisement
BYD, which dreams of becoming the world’s largest electric vehicle company, is known to be looking for a factory site in Mexico, which has emerged as an automobile production base in North America.
In particular, according to local media reports, including El Financiero, BYD is said to have selected the northern border area or the central industrial complex as a location candidate and has begun coordination with the state government to negotiate contract terms.
BYD has been making efforts to use Mexico as a base for expansion into North America and Central and South America, including holding a launch event for its brand’s first plug-in hybrid (PHEV) pickup truck, ‘Shark’, in Mexico City.
Stella Lee BYD, CEO of the Americas region, explained at the time, “We only consider the Mexican market and other (Central and South American) countries during the construction process of the Mexican plant, and we currently have no plans to enter the United States.”
The industry predicted that BYD’s Mexico factory would become an outpost targeting the U.S. market.
However, some analysts say that the Mexican government is no longer able to welcome the establishment of a BYD factory as the regional trade environment shows signs of rapid change, including the possibility of imposing a 25% tariff on Mexico following the inauguration of US President-elect Donald Trump in January next year. .
Mexican president holds regular press conference
(Mexico City AFP = Yonhap News) Mexican President Claudia Sheinbaum is holding a regular morning press conference at the Mexican Presidential Palace in Mexico City on the 28th (local time). 2024.11.29 [멕시코 대통령실 제공. 재판매 및 DB 금지]
“Because we have an agreement with the United States and Canada (USMCA), we are prioritizing those countries in terms of trade,” President Sheinbaum said. “This is the approach we have taken, and this is publicly known to everyone.” “It has been said,” he emphasized.
President Sheinbaum, who had a phone call with U.S. President-elect Trump the day before, said at the press conference that day, “We did not discuss tariffs in detail,” but added, “We talked about pending issues such as immigration and trafficking of the drug fentanyl, and we will soon address the issue of American guns flowing into Mexican criminal organizations. “We will also talk about it,” he explained.
He added, “President-elect Trump and I agreed that there will be a good relationship between the two countries,” and that “we do not anticipate a potential tariff war.”
The Mexican peso exchange rate, which had soared (depreciated in value) due to the negative news of Trump’s threat of tariffs, showed signs of recovery, falling by about 1% (increased in value) against the dollar on this day after the Sheinbaum-Trump call became known.
Report via KakaoTalk okjebo
Unauthorized reproduction/redistribution, AI learning and use prohibited>
2024/11/29 01:55 Sent
