MND_NEARSHORING IN MEXICO
Analysis: Chinese cars pour in to Mexico, rattling the USMCA
Did Mexico help China meddle with the USMCA? Auto industry expert Michael Dunne weighs in.
Mexico attracts US $64.7B in private investment through Q3 2024
Foreign direct investment in Mexico climbed to $35.7 billion in September, coming within striking distance of the 2023 record of $36 billion.
MND Perspectives: Will Mexico benefit from nearshoring?
Our subscriber-only podcast asks: Will unprecedented foreign investment bring prosperity for Mexicans, or will it simply siphon wealth from the country elsewhere?
Ebrard seeks meeting with Elon Musk to discuss future of Tesla ‘gigafactory’ in Mexico
Musk put the factory on pause in July, in response to tariffs threatened by then-presidential candidate Donald Trump.
BYD CEO: US election results do not change investment plans in Mexico
Jorge Vallejo, BYD’s general director in Mexico, said that the firm had narrowed the list of potential plant locations to three candidate states.
Is Mazatlán’s port prepared for the influx of Chinese vehicles to Mexico?
Increased investment in Sinaloa's port infrastructure could make the state an entrepôt par excellence for car imports from Asia.
Mexico raises trade concerns over US plan to ban Chinese car software
The proposed ban wouldn't just affect Chinese companies but any automaker that uses Chinese technology in their vehicles.
World Bank: Nearshoring currently accounts for 0.2% of Mexican GDP
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.
Mexico and US present semiconductor industry roadmap to double exports and jobs
The Finance Ministry is also designing a program of tax incentives similar to those established by the U.S. Inflation Reduction Act and CHIPs Act.
French companies to invest US $3B in nearshoring to Mexico
At a nearshoring event on Thursday, French Ambassador to Mexico Delphine Borione celebrated three recent investment announcements from French companies.
WSJ: Sheinbaum administration wants US help to reduce Mexico’s imports from China
The Wall Street Journal reported on this administration's plan to reduce dependence on China, with help from foreign manufacturers operating in Mexico.
US lawmakers pressure Sheinbaum to address Chinese ‘connected’ car concerns
The lawmakers' letter warned Sheinbaum that Chinese vehicles made or sold in Mexico pose a cyber threat to North America.
Hofusan Industrial Park announces US $1B expansion plans in Nuevo León
The industrial park is owned by Chinese and Mexican developers and has already invested US $1 billion in its facilities to date.
