“The Ford Motor Company in Mexico has announced a planned investment of US $273 million in its Irapuato Electric Powertrain Center (IEPC) in the state of Guanajuato, which manufactures motors and transaxles for the first 100% mass-produced electric vehicle completely made in Mexico.”

MND Staff

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Ford to invest US $273M in Irapuato EV manufacturing plant

Ford will update its plant in Irapuato, Guanajuato state, where it produces motors and transaxles for the Mustang Mach-E electric vehicle.

French auto parts maker Valeo opens new tech mobility center in QRO

The automotive supplier plans to invest US $500 million in Mexico over the next four years.

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Mexico likely to become world’s No. 1 EV exporter to US in 2024

Data shows Mexico exported US $3.127 billion in EVs to the U.S. between January and June, an impressive 172% increase from 2023.

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