Why China is investing in Mexico
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China's BYD, the world’s largest producer of electric vehicles, has launched its latest model in Mexico aiming to help more Mexicans bring home their first electric cars. The carmaker is among thousands of Chinese companies investing in the United States’ southern neighbour, joining the likes of e-commerce giants, including Shein and Alibaba – which owns the Post. Washington has responded to such investment with growing concern. Beijing, meanwhile, has been keeping an eye on the November 2024 US presidential election, which could lead much of the conversation related to China’s Mexico ambitions.
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