Thursday, November 14, 2024
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MND_BUSINESS

A delivery person from Mexican company Jüsto holds a pair of paper bags

Amazon México partners with online grocer Jüsto

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Through Amazon, customers will have access to Jüsto’s 7,000 products, including the digital supermarket’s private-label products.
Hands grip the wheel of a Ford car as it drives down a highway

Mexican auto sector’s trade surplus with the US is bigger than...

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Though the sector's U.S. trade surplus already surpassed US $100 billion this year, American automakers don't appear worried.
A delivery person in a yellow shirt holds a brown package with the Mercado Libre logo

Mercado Libre to invest US $2.5B in Mexico in 2025

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The expansion is expected to create 7,000 jobs at Mercado Libre's distribution hub in Hidalgo.
MND podcast

MND Perspectives: What does a higher minimum wage mean for Mexico?

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MND's new podcast series takes a look at how a new minimum wage law might shape the future of Mexico's economy.
BYD nearshoring

MND Deep Dive: The impact of Chinese investment in Mexico

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Mexico News Daily's new podcast looks at the effects of the BYD nearshoring investment in Mexico and what it means for the economy.
Toyota automotive plant located in the border city of Tijuana (Baja California)

Toyota announces US $1.4B investment in its Mexico factories

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Toyota said that the investment will also incorporate new technologies that optimize resource use and reduce emissions.
Marcelo Ebrard looks over his glasses

Ebrard seeks meeting with Elon Musk to discuss future of Tesla ‘gigafactory’ in Mexico

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Musk put the factory on pause in July, in response to tariffs threatened by then-presidential candidate Donald Trump.
A woman looks at fruit and vegetables in a Mexican market, with the prices marked

Surging produce prices pushed up inflation in October

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Climatic conditions have caused major swings in produce prices this year, but winter weather is expected to bring relief.
Façade of a BYD facility in Mexico.

BYD CEO: US election results do not change investment plans in Mexico

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Jorge Vallejo, BYD’s general director in Mexico, said that the firm had narrowed the list of potential plant locations to three candidate states.
The news magazine Expansión reports that Mazatlán port officials hope to exceed 180,000 new vehicle imports by the end of 2024.

Is Mazatlán’s port prepared for the influx of Chinese vehicles to Mexico?

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Increased investment in Sinaloa's port infrastructure could make the state an entrepôt par excellence for car imports from Asia.
The electronics manufacturing services company Flex with Jalisco Governor Enrique Alfaro

Silicon Valley companies plan to invest US $890M in Jalisco in 2025

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Among the tech companies planning to invest in Jalisco are Flex, ASE Group, Jabil and Bosch.

Kawasaki inaugurates US $200M new plant in Nuevo León

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The new Salinas Victoria factory is already beginning to produce off-road vehicles and Jet Skis.
Shandong Golden Empire manufacturing demonstration with a white car frame in a conference hall and blue robotic arms on either side of the frame manipulating auto parts

Shandong Golden Empire invests US $165M in San Luis Potosí

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Shandong Golden Empire is the tenth Chinese firm to make manufacturing investment commitments in the central Mexican state since last year.
A monitor in a Chinese EV

Mexico raises trade concerns over US plan to ban Chinese car software

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The proposed ban wouldn't just affect Chinese companies but any automaker that uses Chinese technology in their vehicles.
A man works at a car manufacturing plant, representing a decrease in unemployment in Mexico

World Bank: Nearshoring currently accounts for 0.2% of Mexican GDP

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Though northern border and Bajío region states are the "big winners" so far, a federal plan aims help other areas of the country catch up.
Two people swim in the turquoise waters of the Xcaret Hotel in Quintana Roo

Grupo Xcaret to invest US $700M in Quintana Roo

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New infrastructure and construction will increase the Xcaret Hotel complex’s capacity to 1,800 rooms in 10 buildings, Grupo Xcaret said in a statement.