Tuesday, March 11, 2025

Chinese supplier for Tesla invests US $100 million in new Monterrey factory

With an investment of US $100 million, the Chinese company Noah Itech started construction on Monday of its first factory in Mexico. It will produce automation equipment and is scheduled to be operational by May.

Located in Santa Catarina in the metropolitan area of Monterrey, Nuevo León, the plant will generate 100 highly specialized jobs close to the location reportedly planned for Tesla’s new vehicle plant, also in Santa Catarina. Tesla is one of Noah Itech’s main clients along with General Motors, Facebook and Google.

Governor Samuel García remarked during the placement of the plant’s first stone that with these investments, Nuevo León’s recent trend of announcing the arrival of a new company every week continues. “These investments arrive [in Nuevo León] because we know how to sell ourselves to the world. They are not going to come here by themselves,” he explained.

During his statement, García added that the municipality of Santa Catarina is part of the Saltillo-Monterrey corridor, which allows a quick exporting process to the United States. With the arrival of Noah Itech’s plant, he said that Nuevo León’s government has committed to improve the peripheral road and the beltway to Laredo, Texas.

The state Minister of Economy Iván Rivas pointed out that investment arrives in the state owing to its infrastructure and its human capital, which is the “best-prepared workforce in the country,” he said. According to the state government, 15,000 engineers and scientists graduate in Nuevo León every year in addition to 20,000 technicians from local universities.

Fang Te Chou, deputy manager of Noah Itech México, said that they chose Nuevo León due to its growth potential owing to its incomparable visionary spirit. “We firmly believe that this land is the right place to carry out our development,” he said.

Nuevo León offers economic and non-economic incentives to promote foreign investment, including helping foreign companies “manage all their municipal and state permits and [they] also offer training,” state Economy Minister Rivas said.

There’s also a tax incentive associated with the payroll tax (ISN), and if they export through the Colombia Bridge (one of four international vehicular bridges located on the United States-Mexico border in the city of Laredo, Texas) there is a stimulus available to offset toll fees, Mexico Industry reported.

Noah Itech provides design, installation and automation support services for the 3C manufacturing industry (computing, communication and consumer electronics) and its high-tech products account for more than 95% of its total sales.

With reports by Expansión and Mexico Industry

Have something to say? Paid Subscribers get all access to make & read comments.
In a video announcing the appointment of Edgar Amador Zamora, President Sheinbaum described the departing finance minister (L) Rogelio Ramírez de la O as Mexico's "best economist."

Sheinbaum appoints Amador as finance minister after Ramírez steps down

1
Former Bank of Mexico adviser Edgar Amador will be Mexico's new finance minister, though Rogelio Ramírez de la O will continue to advise the president on international affairs.
Dusty, abandoned backpacks and shoes at a secret crematorium in Jalisco

Search collective calls on authorities to investigate a grisly find in Jalisco

1
Volunteer searchers have uncovered three clandestine crematoriums in Jalisco, containing burnt remains, a list of apparent missing persons and 200 shoes.
Mexico exported 258,952 light vehicles in February 2025, a 9.2% decrease compared to the 285,330 units it shipped abroad in February 2024.

Mexico’s auto exports fall for third straight month

0
In the first two months of 2025, light-vehicle exports from Mexico are down 11.4% as the auto sector tries to tip-toe around tariffs.