Chinese EV giants are planning factories in Mexico, and it's alarming US officials: report

• Three major Chinese EV companies are planning new factories in Mexico, per the Financial Times.
• Tesla rival BYD and fellow giants MG and Chery are in talks over new sites, alarming US officials.
• The move will likely fuel fears that Chinese firms may use Mexico as a backdoor into the US EV market.

Three major Chinese EV companies are planning to build new factories in Mexico, sparking concern among US officials, according to a new report.