The Chinese government is delaying approval for electric vehicle (EV) manufacturer BYD to build a plant in Mexico amid concerns that the company’s smart car technology could be accessed by the United States, according to the Financial Times (FT). Citing two people “familiar with the matter,” the London-based newspaper reported on Tuesday that Chinese automakers…
Chinese authorities are concerned that Mexico would gain unrestricted access to BYD‘s advanced technology and know-how and may even possibly allow the US access to it, according to the Financial Times. Domestic automakers would need approval from China’s Ministry of Commerce to produce overseas, which it has yet to grant. (A BYD Yangwang U7 on…
The Sealion 07 EV has been renamed the Sealion 7 in Mexico, with a starting price of 949,800 Mexican pesos ($46,200). The Sealion 07 EV is already available in Europe and Thailand and will be launched in Japan later this year. (Image credit: BYD) BYD (HKG: 1211, OTCMKTS: BYDDY) has launched the Sealion 07 EV…