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.

  • naturalgasbadEnglish
    11·
    16 days ago

    Manufacturing labour costs were $8.31 per hour in China last year, compared with less than $3 in places such as India, Thailand and Vietnam. - The Economist

    • jumjummy@lemmy.worldEnglish
      2·
      15 days ago

      Yes, it’s starting to go up because all of the outsourcing to China. Now they are outsourcing to other countries. The IP theft is still rampant though.