Chinese companies building factories in Mexico
Mexico has always been an important market for Chinese multinational companies to invest, especially in manufacturing. Due to geo-economic issues, many Chinese manufacturing companies have gone to Mexico to build factories. According to statistics from Youlian Foreign Trade, the following well-known companies have built factories in Mexico:Car companies:
●.Geely: Geely is one of China's leading car manufacturers and one of the first Chinese car companies to build a factory in Mexico. In 2016, Geely announced the construction of a factory in León, Mexico, mainly producing Geely-branded cars, including sedans and SUVs.
●.BYD: BYD is a leading company in China's new energy vehicle field and has established its own production base in Mexico. BYD has built a factory in Mexico to produce new energy vehicles such as electric vehicles, hybrid vehicles and electric buses.
●.FAW-Volkswagen: Although not a pure Chinese car company, FAW-Volkswagen is a joint venture between China's FAW Group and Germany's Volkswagen. FAW-Volkswagen has established a production base in Mexico to produce Volkswagen and Audi brand cars.
●.Geely-Volvo: Geely Volvo is a sub-brand of Geely Auto, in cooperation with Sweden's Volvo Cars. Geely Volvo has set up a production base in Mexico to produce Volvo-branded cars, including high-end models such as sedans and SUVs.
Furniture:
●. Red Star Macalline: Red Star Macalline is one of China's leading home furnishing retailers and one of the country's largest furniture chains. The company plans to set up a production base in Mexico to meet the needs of the Latin American market.
●. KUKA Home: KUKA Home is one of China's well-known furniture manufacturers with a wide international market share. The company has established a sales network in Mexico and may consider setting up a local production base.
Home appliances:
●. Haier Group: Has a factory in Monterrey, Nuevo León, Mexico.
●. TCL Technology Group: Has a factory in Saltillo, Nuevo León, Mexico.
●. Midea Group: Has a factory in Monterrey, Nuevo León, Mexico.
●. Konka Group: Has a factory in Guadalajara, Mexico.
●.Hisense Group: has a factory in Saltillo, Nuevo León, Mexico.
●.AUCMA: has a factory in Mexico City, Mexico.
Data shows that against the backdrop of slow growth in commodity trade in most parts of the world this year, the flow of Chinese goods into Mexico has grown rapidly. After a year-on-year increase of nearly 35% last year, the number of containers shipped from China to Mexico soared 60% in January this year. This move is considered by industry analysts to be one of the strongest phenomena in global trade growth.
Santiago Toledo, Commercial Counselor of the Mexican Embassy in China, said that China has become Mexico's second largest trading partner in the world, and the total trade volume between China and Mexico in 2022 reached 130 billion US dollars, a record high. He also pointed out that in the past 20 years, Chinese companies have invested as much as 2.16 billion US dollars in Mexico, and he believes that the growth momentum in the future will be better.
页:
[1]