Will Mexico’s cheap EVs shake up the global market?

From FutureAZA.

Links from today’s show:
The Chinese government is delaying approval for electric vehicle (EV) manufacturer BYD to build a plant in Mexico amid concerns that the company’s smart car technology could be accessed by the United States, according to the Financial Times (FT).

FT: China is withholding approval for BYD’s Mexico plant due to tech concerns

China is frequently a target of criticism over allegations that it does not innovate but instead exfiltrates intellectual property developed abroad and wins by undercutting rivals on price. Now that the country has arguably leapfrogged America in electrical vehicle technology, it is starting to see the value in protecting domestic business in the free market.
https://gizmodo.com/china-delays-byd-factory-in-mexico-over-concerns-tech-will-leak-to-american-rivals-2000578281

Mexico’s first homegrown EV faces a bumpy road. Project Olinia aims to roll out its first model in 2026 as a cheaper alternative to popular Chinese EVs, but faces several challenges.
https://restofworld.org/2025/mexico-ev-olinia-project/

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