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·
    3 months 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·
      3 months 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.