Mexico is ranked tenth among the top destinations for foreign investment direct worldwide, a position that could continue to improve due to opportunities for investment relocation arising from the escalating political and geopolitical risks present in emerging and developed economies….
MEXICO – The Chinese automaker, Jetour, has announced its plans to establish a new assembly plant in Mexico by 2024. Jetour aims to invest nearly $3 billion to manufacture both electric and combustion cars for the local market. If established,…
COAHUILA – The Chinese company Paslin will invest 10 million dollars to set up a production plant in the Cactus Valley Industrial Park in the municipality of Ramos Arizpe, Coahuila. The new plant will create an initial workforce of 70…
This is a new suspension system that the Chinese giant will implement in its premium segment electric vehicles. MEXICO – China’s BYD launched a new chassis suspension system on Monday as the electric vehicle manufacturer intensifies its efforts to advance…
MEXICO – The US company ARRA is coming to Mexico to compete in the automotive market with two new fully electrified models, which are being assembled in a plant in China. The units will start selling at the end of…
MEXICO – BYD arrives in Mexico, the multinational high-tech company dedicated to zero-emission energy solutions, announced the arrival of its brand and launched three new fully electric models in Mexico: the flagship sedan BYD HAN EV, the flagship SUV BYD…
APODACA, NL – Forvia, the French company, has opened a new factory in Apodaca, Nuevo Leon, for producing automobile seats and interiors, creating 1,500 direct jobs. The corporation invested $147 million in constructing the factory. Since 1997, Forvia has been…
CIUDAD JUAREZ, CHIH – FIBRA Macquiaire started the construction of a new Industrial Park in Ciudad Juarez, which will consist of 10 buildings in an area of 230,000 square meters and will generate 3,500 direct jobs. In addition, the construction…
COAHUILA – Nova Steel de México, a Canadian manufacturer of steel components for industry, launched its third factory in Coahuila state, situated in the Santa María Industrial Park. The new plant required a $37 million investment and has generated 80…
MEXICO – Although Elon Musk, founder and CEO of Tesla (NASDAQ:TSLA), is interested in setting up battery factories for electric vehicles in Mexico, the federal government will not provide him with subsidies like the US administration does. During his morning…