INVESTMENT NEWS

Northeast

Mubea

German firm Group Mubea invests $57.7 million in Ramos Arizpe, Coahuila, for a new plant making automotive parts. It’ll generate 191 jobs and supply BMW, Ford, GM, and Tesla. Construction begins in September near Plan de Guadalupe International Airport.

Ghsp

GHSP-Mexico, a major player in automotive and electromechanical systems, is investing $10.2 million in Saltillo for expansion, bolstering the region’s economy and creating 70 new jobs, while emphasizing the importance of its skilled workforce and collaborative partnerships.

Motherson

New investments from India are strengthening Nuevo Leon’s position as an electromobility and technology hub, with Grupo Motherson, set to establish a plant in the region, underlining the state’s draw for global investors due to its nearshoring advantages and proximity to the US economy.

Tata Group

Nuevo Leon solidified its status as a Latin American electromobility hub through agreements with Tata Group, including Tata Motors, Jaguar Land Rover, and a cooperation pact with Maharashtra state. This adds to existing partnerships with Tesla and KIA Motors, expanding the state’s international business connections.

Central Mexico Metalsa

Metalsa opened a $180 million plant in Guanajuato, producing 308,000 chasses annually for Toyota’s new Tacoma. The facility features advanced techno- logy and generated 1,044 jobs. Toyota’s President announced progress on the new Tacoma, while Metalsa, a Mexican Tier 1 supplier, serves global clients including Toyota, Ford, GM, and Tesla.

Magna

Canadian company Magna Lighting is investing over $20 million in expanding its plant in Corregidora, Queretaro, generating up to 800 jobs in two phases and highlighting a 7.7% growth in transport equipment production. This expansion underscores their commitment to innovation and sustainability in the automotive industry.

Cdmx Sumitomo

Sumitomo Electric Wiring Systems will be the first Tier 1 automotive company in Tabasco, Mexico, generating 700 jobs and investing around $10 million to manufacture harnesses for clients like Honda, Ford, Toyota, General Motors, and Nissan. This move, supported by Tabasco’s governor, reflects the state’s increasing attractiveness in the automotive sector.

De Luna

Mexican firm De Luna Lithium Battery shifts $80 million investment to the State of Mexico from Sonora due to delays. The new facility will produce 20,000 battery packs annually using Chinese lithium, meeting rising demand from U.S. firms and avoiding potential Chinese battery restrictions.

SOURCES: CLUSTER INDUSTRIAL, MEXICO INDUSTRY, EXPANSION MX