Foreign media: China's two major automakers, BYD and Geely, have become the final contenders for the acquisition of Nissan-Mercedes Mexico plant. Previously, nine companies expressed interest in the acquisition, including other Chinese auto companies such as Chery and Great Wall, and Vietnamese electric vehicle manufacturer VinFast also made it to the final round.
The involvement of Chinese automakers indicates a potential significant shift in the Mexican automotive industry, which has been dominated by American, European, and Japanese automakers.
Mexican officials face a dilemma: on one hand, the tariff policies of the Trump administration have severely hit the Mexican automotive industry, and Chinese investment could bring much-needed job opportunities; on the other hand, they are concerned that Chinese production in Mexico may escalate tensions in the US-Mexico trade negotiations, as the United States has banned sales of Chinese car brands and accused Mexico of providing a backdoor for Chinese goods to enter the US.
Original article: toutiao.com/article/1857005944468744/
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