HomeBusiness
BusinessNews

German automotive firms expand investments in Querétaro

Cat Rainsford
By Cat Rainsford
1
German auto parts manufacturers Kostal and Brose have both committed to further investment in Querétaro. (Gobierno Querétaro/X)

German auto parts manufacturers Kostal and Brose are both setting up new factories in Querétaro while the state government has announced funding for new electrical infrastructure.

Kostal’s Electro Mobility Mexicana (KEMM) factory began operations this week at a new 20,000-square-meter site in the FINSA III Industrial Park, where it will make charging modules and components for electric vehicles. The 2.1-billion-peso (US $115 million) investment was first announced in December 2022 and will create around 750 jobs.

The new Kostal facility will create around 750 new jobs in the region. (Gobierno Querétaro/X)

Harry Asher, CEO of Kostal Automotive North America, said that the new facility would help serve its customers in North America, responding to the “rapidly growing market” for electric vehicles.

Around 50% of auto parts manufactured in Querétaro will now be focused on electric vehicles, making the state a leader in green technology, said Sustainable Development Minister Marco Antonio Del Prete Tercero.

Kostal opened its first foreign subsidiary in Mexico 50 years ago and has continued to invest in the country ever since. The new plant is its fourth in Mexico and third in Querétaro.

Echoing this vote of confidence in Querétaro’s economy and highly-educated workforce, Brose also announced plans for its fourth factory in the state, specialized in manufacturing vehicle window systems.

Brose is a key supplier for a number of major automakers in North America. (Brose México)

The project is scheduled to begin in 2025 and will create between 600 and 700 jobs, mostly for engineers and other skilled workers. Brose is already the fifth largest employer in Querétaro, employing around 4,500 people across its three existing plants.

In May of this year, Brose announced that it would also expand operations in another of its Querétaro plants, investing around 404 million pesos (US $22.3 million) and creating 110 skilled jobs.

In a speech celebrating the investments, Governor Mauricio Kuri González recognized that one of Querétaro’s biggest challenges is ensuring sufficient energy and water supply, and announced major new infrastructural initiatives to support the state’s industrial growth.

“In Querétaro, no company is going to stop coming due to lack of energy,” he promised.

With reports from El Economista and Mexico Industry

1 COMMENT

Have something to say? Paid Subscribers get all access to make & read comments.
Hurt person who received medical care from the Mexican Red Cross at the Oct. 11 protest in Guadalajara demanding clean tap water

Protesters file complaints with Attorney General’s Office alleging torture at hands of Jalisco state police officers

MND Staff - 3
Officers are alleged to have physically and verbally abused dozens of demonstrators protesting foul tap water in Guadalajara on Oct. 11, later holding them for hours in dismal conditions and, in some cases, torturing them.
cempasúchil

With Day of the Dead less than a week away, Mexico City’s cempasúchil production hits record heights

MND Staff - 0
The Mexican marigold is an essential part of Day of the Dead traditions, as an adornment on altars, or, for those who take the dead's visitations literally, as a path of strewn petals leading the departed to the door.
Dinosaur footprints in Michoacán

Rural Michoacán residents lead researchers to previously undiscovered dinosaur footprints

MND Staff - 1
Though dinosaurs freely roamed what is now Mexico, footprint sites are not as common as one might think: there are only 30 nationwide. The newly discovered fossilized prints appear to be from three different species, one of which could turn out to be a tyrannosaur.
BETA Version - Powered by Perplexity

VIDEO OF THE WEEK