Pilots Fear Retaliation for Refusing Middle East Flights Amid Ongoing Conflict 
U.S. Disrupts Russian Military Hackers' Global DNS Hijacking Network 
China Vanke Seeks Bond Extension Amid Mounting Debt Crisis 
Rubio Directs U.S. Diplomats to Use X and Military Psyops to Counter Foreign Propaganda 
SpaceX Eyes Historic IPO at $1.75 Trillion Valuation 
MATCH Act Targets ASML and Chinese Chipmakers in New U.S. Export Crackdown 
OpenAI Addresses Security Vulnerability in macOS App Certification Process 
Lumentum Holdings Rides AI Wave With Order Book Filled Through 2028 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
Samsung Electronics Posts Eightfold Profit Surge Driven by AI Chip Demand 
Chalco Stock Surges as Q1 2025 Profit Forecast Jumps Up to 58% 
Annie Altman Amends Sexual Abuse Lawsuit Against OpenAI CEO Sam Altman 
SanDisk Joins Nasdaq-100, Replacing Atlassian on April 20 
Apple Turns 50: From Garage Startup to AI Crossroads 
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes 
NIO ES9 SUV Launch Sends HK Shares Down 7% Despite Bold Pricing Strategy 
Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth 
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.
