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BYD Shelves Plan to Build Large Auto Plant in Mexico
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BYD COMPANY (01211.HK) Executive Vice President Stella Li remarked on Wednesday that the company has shelved its plans to build a large plant in Mexico, in wake of geopolitical tensions and uncertainties surrounding US President Donald Trump's trade policies. She mentioned that the company is still interested in extending its presence in the Americas but has no timeline for new investments, adding that BYD is opening its first factory outside Asia in Bahia, Brazil. AASTOCKS Financial News Website: www.aastocks.com |
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