BYD’s Mexico EV Plant to Create 10,000 Jobs, Targets 50,000 Units to Be Sold in 2024

BYD SHark .(Credit: BYD)

BYD plans to construct an electric vehicle (EV) plant in Mexico are expected to generate around 10,000 jobs, positioning it among the largest auto factories in the country.

The EV behemoth is in the final stages of negotiations for the facility’s location, with an official announcement anticipated in the coming months, according to Jorge Vallejo, BYD’s general director in Mexico. Vallejo did not specify the breakdown of direct employees versus contractors or suppliers.

See also:Ā BYD Launches Seagull Electric Mini Vehicle in Brazil and Mexico

BYD Seagull. Credit: BYD

A plant of this scale would employ more individuals than some other carmakers’ facilities in Mexico, such as Audi. For instance, Volkswagen Group’s Puebla plant, the country’s largest, employs 6,100 assembly line workers and 5,000 supervisory staff, in addition to numerous employees involved in parts assembly.

BYD is projected to sell 50,000 units in Mexico this year, Vallejo revealed. The launch of its Shark hybrid truck in Mexico last month underscores the country’s growing significance for the company.

See also:Ā BYD Mexico and Enel X Collaborate on Introduction of All-Electric Bus Chassis in Monterrey

BYD SHark. (Credit: BYD)

The BYD Shark, priced at $53,400 (899,980 pesos), is positioned to compete with other leading pickups in the region, including the Toyota Hilux and Ford Ranger.

With a fuel consumption rate of 7.5 L per 100 km, approximately 40% lower than that of a full gas-powered truck, the Shark pickup aligns with BYD’s global expansion strategy. Mexico is expected to play a pivotal role in the global launch of the Shark PHEV.

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