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World News@lemmy.worldEnglish · 4 months ago

China Conquers Mexico’s Automotive Market, and the US Is Worried

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China Conquers Mexico’s Automotive Market, and the US Is Worried

DMBFFF@lemmy.world to

World News@lemmy.worldEnglish · 4 months ago

cross-posted to:
[email protected]

Led by the automaker BYD, China has established itself as the main car supplier in Mexico. The US worries China could use Mexico as a “back door” to sidestep tariffs and gain footing in the US market.

Foreign investment would be an economic boost for Mexico. The company has claimed that a plant there would create about 10,000 jobs. A Tesla competitor, BYD markets its Dolphin Mini model in Mexico for about 398,800 pesos—about $21,300 dollars—a little more than half the price of the cheapest Tesla model.

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RangerJosie@lemmy.world
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4 months ago
It’s glorious to watch. Even from within. Even knowing I’m boned when this house of cards finally tumbles.

I’m sure there’s a German word for that.
- Diplomjodler@lemmy.world
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  Maybe Galgenhumor? Or Schadenfreude? But if both, I guess.
- DMBFFF@lemmy.worldOP
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  Even knowing I’m boned when this house of cards finally tumbles.
  
  You probably have time to prepare. 🙂

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