Tuesday, April 16, 2024
HomeNearshoring in Mexico
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.
Medical device manufacturing plant

Mexico joins global medical device regulatory forum

Mexico's medical device manufacturing industry had exports worth US $13.7 billion in 2023 and is expected to expand with the nearshoring trend.
Alejandro Cárdenas of BBVA México and BYD México CEO Jorge Vallejo

Chinese electric car manufacturer BYD signs agreement with BBVA to offer EV financing

The agreement could increase the accessibility of electric vehicles in Mexico, a market where BYD hopes to expand sales.
A Yokohama Rubber Co. tire

Yokohama Rubber to invest US $380M in Coahuila tire plant

The announcement comes on the heels of two other companies' plans for major investments in northern Mexico's automotive manufacturing sector.