Xin Hua Cai Jing·2025-08-11 06:55Group 1 - Chinese automotive brands have seen a significant increase in sales in Mexico, with a 63% year-on-year growth expected in 2024, reaching 129,300 units [2] - China has become the main supplier of imported vehicles to Mexico, with investments in automotive parts and components rapidly increasing, accounting for 3.1% of Mexico's total automotive parts output [2] - The Mexican automotive market has the potential for a 25% increase in sales, with the market size expected to grow from 1.5 million to 2 million vehicles [3] Group 2 - Chinese brands currently hold about 8% market share in Mexico, indicating room for growth, especially in after-sales service and brand presence [3] - The competitive landscape in Mexico is intense, with Japanese brands dominating due to established dealer networks, while Korean brands attract younger consumers with value and design [4] - Future developments in the US-Mexico-Canada Agreement and US trade policies may introduce uncertainties for Chinese brands in Mexico, as evidenced by BYD's cancellation of its factory plans [4]