Today on Critical Materials: Repeal of EV incentives could send $89 billion in investments into the sun, BYD looks to Mexico, and Stellantis' disarray.
The EV industry feels very tumultuous right now. Perhaps that uneasy feeling can be blamed on how politicized it has become in a short amount of time, and now that the U.S. presidential election is right around the corner, certain taxpayer incentives have become the focal point of how policy could affect the shifting industry. Welcome back to Critical Materials, your daily roundup for all things EV and automotive tech.
BYD executives were hoping to meet with the team of Mexican President-elect Claudia Sheinbaum and the economy ministry in the 'coming days' to share plans for the plant, Vallejo said. The company would 'specifically present the manufacturing and marketing scheme, and also to show what BYD can develop at a national level,' Vallejo said. BYD hasn't made it clear where it plans to set up shop just yet.
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