NUEVO LEON – The steel company Ternium intends to allocate a sum of US$3.2 billion to enhance production at its Pesquería Nuevo Leon facility and capitalize on the global steel industry’s demand. “It represents Ternium’s most substantial investment to date,…
GUANAJUATO – HIHO, a prominent company in the aluminum sector and acknowledged provider of wheels for major automakers like Nissan, Chrysler, Volkswagen, Mercedes Benz, and BMW, has declared a $100 million investment for the establishment of a new facility in…
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….
RAMOS ARIZPE, COAH –Jiaxipera launched its Ramos Arizpe, Coahuila facility with a $60 million investment. The Chinese firm specializes in the production of high-efficiency refrigeration compressors and will generate 600 jobs in the state to produce 6 million compressors per…
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…