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Seeking Mexico Foothold, China’s BYD and Geely Bid to Buy Car Plant
Two of China's leading automakers, BYD and Geely, are among the finalists vying to purchase a Nissan–Mercedes-Benz plant in Mexico, according to a person familiar with the matter, as China seeks a manufacturing foothold in a country where U.S. tariffs are fueling factory closures and layoffs.
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A man uses his smartphone as a giant screen broadcasts news showing Chinese President Xi Jinping shaking hands with Cheng Li-wun, chairperson of the Kuomintang (KMT), Taiwan's largest opposition party at the Great Hall of the People in Beijing, China, April 10, 2026. REUTERS/Maxim Shemetov
By Peter Apps As U.S. Vice President JD Vance returned to Washington last weekend after unsuccessful peace talks in Pakistan over the crisis in the Gulf, China’s Foreign Ministry was preparing for a bumper slate of visitors, including Russian Foreign Minister Sergei Lavrov and the leaders ...
Seeking Mexico Foothold, China’s BYD and Geely Bid to Buy Car Plant
Two of China's leading automakers, BYD and Geely, are among the finalists vying to purchase a Nissan–Mercedes-Benz plant in Mexico, according to a person familiar with the matter, as China seeks a manufacturing foothold in a country where U.S. tariffs are fueling factory closures and layoffs.