Led by the automaker BYD, China has established itself as the main car supplier in Mexico. The US worries China could use Mexico as a “back door” to sidestep tariffs and gain footing in the US market.

Foreign investment would be an economic boost for Mexico. The company has claimed that a plant there would create about 10,000 jobs. A Tesla competitor, BYD markets its Dolphin Mini model in Mexico for about 398,800 pesos—about $21,300 dollars—a little more than half the price of the cheapest Tesla model.

  • @naturalgasbad@lemmy.caEnglish
    1•4 months ago

    Wealth does not necessarily improve quality of life.

    Notably, electricity (among other things) is substantially cheaper in Shanghai.

    • @CanadaPlusEnglish
      2•4 months ago

      On an individual level, sure there’s sad rich people, and happy slum refugees. On a population level it makes a huge difference.