π Mexico halts incentives to Chinese EV makers as U.S. pressure mounts. No more low-cost land or tax breaks for investment in EV production, say Mexican officials. #EVs #MexicoChinaRelations
Mexico’s federal government, under pressure from the U.S., is keeping Chinese automakers at arm’s length by refusing to offer such incentives as low-cost public land or tax cuts for investment in EV production, three Mexican officials familiar with the matter said.