China delays approval of BYD’s Mexican plant amid fears tech could leak to US, report says
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…