BYD to Create 10,000 Jobs with New Plant in Mexico, Emerging as Key Competitor in EV Market

Chinese electric vehicle company, BYD, is set to establish a new manufacturing plant in Mexico, a move that is anticipated to generate employment opportunities for approximately 10,000 individuals in the region. This significant development positions BYD as a major player in the competitive EV market.

The General Manager of BYD in Mexico, Jorge Vallejo, revealed that the company is in the final stages of negotiations regarding the plant’s location. An official announcement regarding the plant’s site is expected to be made in the coming months, underscoring BYD’s commitment to expanding its operations.

Comparatively, the planned BYD plant in Mexico is projected to employ a workforce equivalent to some of the prominent original equipment manufacturers (OEMs) in the country. For instance, Audi‘s facilities in Mexico, known for their automotive production, currently support a significant number of jobs.

Furthermore, the Volkswagen plant located in Puebla, which stands as the largest automotive manufacturing facility in Mexico, employs over 6,100 assembly-line workers and an additional 5,000 supervisory staff. The introduction of the BYD manufacturing plant is poised to contribute significantly to job creation in the region.

BYD’s strategic move comes amidst the company’s successful sales performance, with an anticipated sale of 50,000 units in Mexico for the current year. Recently, BYD launched its innovative hybrid truck, the Shark, further solidifying its presence in the Mexican automotive market.

In the realm of electric vehicle competition, Tesla, a notable player in the industry, acknowledged BYD’s remarkable sales figures in the fourth quarter of 2023. While Tesla reported sales of 484,507 cars, BYD surpassed this number by selling 526,409 electric vehicles in the same period. This achievement underscores BYD’s growing global significance as a key competitor in the expanding EV sector.