INSUBCONTINENT EXCLUSIVE:
Mexico imported $5.3 billion worth of cars from China, while it only sold $262 million in cars to China.This created a record $5 billion
trade deficit for Mexico in the auto sector, the largest ever between the two countries
Ten years ago, Mexico barely imported any cars from China
In 2014, Chinese car imports totaled just $12 million.By 2024, Chinese brands made up 20% of all new cars sold in Mexico, up from less than
China now supplies about one-third of all imported cars in Mexico, overtaking the United States as the main source.Chinese automakers like
BYD, SAIC, Chery, and JAC have rapidly expanded in Mexico
BYD alone plans to have 100 dealerships in the country by the end of 2025.At the same time, global companies such as General Motors now
build some cars in China and ship them to Mexico, adding to the surge
Mexico remains a major car producer, building almost 4 million vehicles in 2024.Chinese Cars Flood Mexican Market, Creating Record Trade Gap
(Photo Internet reproduction)However, most of these cars go to the United States and other countries
making over 31 million vehicles in 2024 and exporting nearly 6 million
Overcapacity and strong technology have helped Chinese companies push aggressively into new markets like Mexico.This shift worries Mexican
officials have even suggested new tariffs on cars imported from Mexico if they contain Chinese parts or come from Chinese-owned
comes from official trade and industry sources
No information has been altered or made up
