Mexico’s automotive industry is booming, attracting major players like Tesla and Audi. But the arrival of Chinese manufacturers threatens to disrupt the status quo.
In spite of the US government’s encouragement to VMs to invest in domestic production, notably through IRA incentives, Mexico has continued to attract investment from major car companies, especially Tesla, Audi and BMW; the Chinese, notably BYD, remain on the horizon and it is reasonable to expect confirmation of Chinese VM investment in Mexico within the next few months.
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