Thursday, April 18, 2024
HomeNearshoring in Mexico


BYD electric vehicle on display

Reuters: Mexico yields to US pressure on incentives for Chinese car...

Reuters quoted officials who said no federal incentives are on offer to Chinese electric vehicle (EV) makers as they look to build plants in Mexico.
Empty industrial space

Guadalajara ramps up construction of industrial space to meet nearshoring demand

Nearshoring is driving an industrial real estate boom in the Guadalajara area, where 102,000 square meters of new space became available in Q1.
A Mexican electrician holding a digital monitor in front of a geothermal system

Opinion: Why Mexico needs a nearshoring strategy

To become Latin America's nearshoring star, Mexico must not make dangerous assumptions, says economist Ana Bertha Gutiérrez.
A Volvo truck driving down a highway

Volvo to build truck manufacturing plant in Mexico

The United Auto Workers (UAW) labor union in the U.S. said it was "extremely disappointed" by the news.
North American leaders at the 2023 North American Leaders' Summit

Opinion: 4 key opportunities for the North American economy

In 2026, all eyes will be on North America. Pedro Casas says these are the opportunities to seize to become a united, trusted and coordinated region.
Data center

Mexico moves up in global commercial services exports ranking

Mexico's commercial services exports, which includes financial, telecommunications, transport and tourism-related sectors, were worth US $52 billion in 2023.

Where are companies choosing to nearshore in Mexico?

It's no secret that Mexico has become a global nearshoring superpower - but where are these companies choosing to invest in real estate?
Nexteer Automotive plant

Nexteer Automotive to build engineering campus in Querétaro

The Michigan motion-control tech company will expand in Querétaro, making it the center of Nexteer's prototyping, testing and more in Mexico.

Yucatán seizes nearshoring opportunities in auto parts industry

Auto parts exports from Mexico to the U.S. exceeded $13.5 billion in the first two months of 2024, with Yucatán emerging as the top producer.
Sparks flying off a machine in a factory

Mexico back among top 25 nations on investor confidence list

Mexico reappeared on Kearney’s 2024 FDI Confidence Index rating for the first time since 2019, as nearshoring investment announcements accelerate.
Groundbreaking ceremony in Nuevo León plant

Korean EV supplier breaks ground on new plant in northern Mexico

Seojin Mobility is expecting to invest US $300 million in the new manufacturing facility.
Rows of seated workers at a Foxconn electronics factory in Shenzhen, China

The Wall Street Journal: US tech giants want AI-related hardware manufactured in Mexico

Suppliers for Amazon, Nvidia, Google, Microsoft and others are looking to nearshore manufacturing to Mexico and reduce dependence on China.

US and Mexico announce semiconductor partnership

The U.S. and Mexico are doubling down on their goal of becoming the most powerful chip-producing region in the world.