CFE will invest US$24 million in Aguascalientes

AGUASCALIENTES – In a meeting with the Aguascalientes State Business Council (CEEA), the Federal Electricity Commission (CFE) assured that the electricity supply is guaranteed in the state, and this year and next year alone, an investment…
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Mexico seeks to build lithium battery industrial park

NUEVO LEON – The Mexican government seeks to create an industrial park for electric batteries (Lithium), alongside Tesla’s gigafactory in Nuevo Leon. According to Martha Delgado, Undersecretary for Multilateral Affairs and Human Rights…
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JPMorgan Says Bright Mexico Outlook Contrasts With Brazil Gloom

Tesla plant, high demand boost optimism on Mexican economy Bank says high interest rates will drag down Brazilian economy   Latin America’s top two economies are moving in opposite directions, with export and investment growth…
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Giving Guadalajara Its Due as a Hotbed for Innovation

The need for world-class manufacturing and engineering talent in the automotive sector has reached a fever pitch as automakers, along with Tier 1 and 2 suppliers, gain velocity in delivering on the many promises of electrification. Success requires…

Mexico, U.S. and Canada agree to promote electromobility

MEXICO – Mexico, the United States and Canada will seek to create stronger regional supply chains and promote targeted investment in key industries of the future, such as semiconductors and electric vehicle batteries, which will be key to…

US and Mexico strategize to lure ‘nearshoring’ business relocation from Asia

Mexico and the United States will work together to lure companies to North America from Asia, the Economy Ministry (SE) said Friday. After a meeting between Economy Minister Raquel Buenrostro and U.S. Secretary of Commerce Gina Raimondo,…
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Relatively cheap labor and its proximity to the U.S. has made Mexico the ideal “Nearshoring” destination

Relatively cheap labor and its proximity to the U.S. has made Mexico an ideal destination for industries to manufacture their products, including electric cars, toys, and medical supplies. Mexico’s manufacturing industry has been “booming”…

China’s loss is Mexico’s gain: Bank of America says a transformed global supply chain means nearshoring investment in the country is a ‘lifetime opportunity’

One of the many buzzwords to have come out of the supply chain crisis of the past few years has been “nearshoring”: companies investing in production closer to home so that they don’t have to deal with global sourcing challenges. In…