“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
Ford will update its plant in Irapuato, Guanajuato state, where it produces motors and transaxles for the Mustang Mach-E electric vehicle.
The automotive supplier plans to invest US $500 million in Mexico over the next four years.
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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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