SEHK:1211Auto
BYD Mexico Plant Bid Tests Valuation Discount And Global Expansion Plans
BYD is reported to be in the final bidding round to acquire a former Nissan–Mercedes-Benz manufacturing plant in Aguascalientes, Mexico.
The deal would give BYD immediate vehicle production capacity in North America if completed.
The potential acquisition comes as BYD looks to grow exports to Mexico and Latin America while reducing reliance on China based production.
BYD, listed as SEHK:1211, is weighing this move while its shares trade around HK$96.2. The stock has seen a 13.9% decline...