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BYD has plans for a new EV factory in Mexico in the hopes of exporting the cheap cars to the U.S. for sale without having to be hit with U.S. tariffs placed on China.
In Mexico, auto workers often earn $3 to $3.25 an hour. Taking advantage of the low wages in Mexico, BYD is looking to build cheaply made EVs that can very competitively compete against EVs made in the U.S. by Tesla, General Motors (GM), and Ford
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