[HIGHLIGHTS] China presses the accelerator in the Mexican automotive market: “The long-term objective is the United States”

China presses the accelerator in the Mexican automotive market. One of every five vehicles sold in Mexico last year was produced in the Asian country.

Sales imported from Beijing grew by 50% in 2023. Brands such as Changan, JMC, Chirey or Jetour are on the rise in Mexico. Chinese electric car maker BYD is looking for a site for a new plant in Mexico, state officials say.. Car sales in Latin America's second largest economy increased by 24.4% during 2023, with the marketing of 1.3 million vehicles.