China’s BYD to sell EVs in Mexico in 2023, aims for up to 30,000 sales in 2024
MEXICO CITY, Nov 29 (Reuters) - Chinese electric-vehicle maker BYD said on Tuesday it will launch its cars in Mexico next year, with a senior executive pegging its sales target at up to 30,000 vehicles in 2024.
Next year, BYD will begin selling fully electric versions of its Tang sport utility vehicle (SUV) alongside its Han sedan through eight dealers across Mexico, the company’s country head Zhou Zou told Reuters ahead of the announcement.
2 minute read · November 30, 2022 3:10 AM UTC · Last Updated an hour ago
China’s BYD to sell EVs in Mexico in 2023, aims for up to 30,000 sales in 2024
By Kylie Madry
[1/4] The interior of the BYD HAN EV is displayed as the Chinese electric-vehicle producer announces its expansion to the consumer market next year in Mexico, in Toluca, Mexico November 29, 2022. REUTERS/Toya Sarno Jordan
MEXICO CITY, Nov 29 (Reuters) - Chinese electric-vehicle maker BYD said on Tuesday it will launch its cars in Mexico next year, with a senior executive pegging its sales target at up to 30,000 vehicles in 2024.
Next year, BYD will begin selling fully electric versions of its Tang sport utility vehicle (SUV) alongside its Han sedan through eight dealers across Mexico, the company’s country head Zhou Zou told Reuters ahead of the announcement.
The world’s largest EV maker by sales hopes to sell 10,000 vehicles in Mexico in 2023 and between 20,000 and 30,000 in 2024, Zou said, adding that the firm’s long-term goal is to reach around 10% of total market share. Warren Buffet’s Berkshire Hathaway still has a stake in BYD [after having sold]
(https://archive.ph/o/BaG1n/https://www.reuters.com/markets/deals/berkshire-hathaway-sells-807-mln-shares-chinas-byd-2022-11-22/) some of its Hong Kong-listed shares in recent months.
include any probability on how far up a subsequent rise might go?