Mexico, facing US pressure, will halt incentives to Chinese EV makers

18 April 2024, 12:00 am

1 min read

FILE PHOTO: Electric vehicle (EV) models are displayed at the booths of Denza, a joint venture between Mercedes-Benz Group AG and BYD Auto, and Chinese EV maker Voyah, at a shopping mall in Beijing, China, Nov. 3, 2023. REUTERS/Tingshu Wang/File Photo

Reuters exclusively reported that Mexico’s federal government, under pressure from the U.S., is keeping Chinese automakers at arm’s length by refusing to offer such incentives as low-cost public land or tax cuts for investment in EV production.