GUANAJUATO – With a capital infusion of $300 million, Grupo Modelo and Millfoods declared the commencement of a maize facility for the manufacture of beer. Per government authorities, the initiative will yield over 1,000 employments and will have a bearing…
MEXICO – An assembly of 80 South Korean companies engaged in electromobility, electric vehicle production, and semiconductor manufacturing have expressed their interest in investing and transforming Mexico into their manufacturing hub. “In any conference arranged in Seoul, there are consistently…
TLAXCALA – The governor of Tlaxcala, Lorena Cuéllar Cisneros, paid a visit to the premises of AntexTextil, a Spanish firm situated in Ciudad Industrial Xicohténcatl (CIX) III, in the municipality of Tlaxco. During the visit, the governor was accompanied by…
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 – With Tesla Inc’s proposal to construct a $5 billion Gigafactory in Mexico, the country is expected to become a center of electric cars production, but the majority of Mexicans cannot afford EVs, which are also unsuitable for much…
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…