Wistron Opens $700M Texas AI Factory to Build Nvidia Superchips in U.S. 
GM Q2 Earnings Beat Estimates as General Motors Raises 2026 Profit Outlook 
Cathay Pacific Sees H1 Profit Surge on Strong Travel Demand 
SpaceX Q2 Earnings on Aug. 4 Set Stage for Historic Insider Share Unlock 
TSMC Sees Multi-Year AI Chip Demand as Arizona Expansion Reaches $265 Billion 
Macquarie Names Greg Ward as CEO, Signaling Stability and Strategic Continuity 
Bank of America Says These Overlooked AI Stocks Could Be the Next Winners 
Belimo H1 Sales Surge as AI Data Center Cooling Drives More Than Half of Growth 
Intel, AMD Seek Long-Term China Server CPU Deals as AI Demand Drives Supply Crunch 
OpenAI Australia Data Center Switches Cooling Strategy After Recycled Water Plan Fails 
Chalco Shares Jump as Chinalco Plans Up to $300 Million Stake Increase 
Australia ASIC Tightens Auditor Oversight After KPMG Leak Scandal 
Alaska Air Q3 Outlook Misses Estimates as Higher Fuel Costs Weigh on Profit Forecast 
IBM Q2 Earnings Miss Estimates as Software Growth Offsets Infrastructure Weakness 
Super Micro Computer Stock Jumps 20% After Record AI Orders and Margin Surge 
Alphabet Q2 Earnings Beat Estimates as AI Spending, Google Cloud Growth Fuel Outlook 
Judge Approves Anthropic’s $1.5 Billion AI Copyright Settlement With Authors 
BYD is urging Mexico to extend its electric vehicle tariff exemption, riding the wave of growing popularity for the Shark NEV and Tang SUV. The government’s ruling is expected by October 1.
BYD Pushes for EV Tariff Relief in Mexico Amid Sales Surge
Import duties on electric vehicles (EVs) from Mexico have been extended at the request of BYD, the leading Chinese automaker.
BYD Lobbies for Tariff Extension
"Our intention is to explore the possibility of extending the decree through our investment in a new plant," explained Jorge Vallejo, country head of BYD in Mexico, speaking to Reforma.
A municipal authority decreed that electric vehicles imported from nations without trade agreements with Mexico would be exempt from tariffs ranging from fifteen percent to twenty percent, and BYD is requesting that this be lifted. Vallejo went over a number of alternatives proposed by BYD to replace the extension.
Shark NEV and Tang Lead BYD’s EV Lineup
An extension of the decree could be possible through the investment in a new plant, according to the approach with the federal government. We're waiting for a response from the government.
The incoming administration is expected to make a declaration regarding the decree on October 1. Once that happens, there will be more direct communication regarding the terms of an investment announcement and the benefits that would be awarded, according to Vallejo.
BYD’s Future in Mexico Hinges on Tariff Relief Decision
The recently released Shark NEV pickup truck, Tang SUV, and Han sedan are just a few of the vehicles sold in Mexico by the Chinese carmaker. According to Teslarati, earlier this year BYD was allegedly considering expanding into Mexico by setting up an electric vehicle manufacturing facility there.
At the time, Zhou Zhou was the BYD country manager, and he said that Mexico was a crucial market for the carmaker. In the future, the Chinese carmaker expects sales outside of China to constitute half of its overall revenue.
