It’s an ambitious strategy to attract high-tech and engineering companies, especially from the automotive, aerospace, and semiconductor sectors, to set up their operations at the Industrial Poles of Well-being Progreso I and Merida I. “With the growing global demand for chips, these poles are ready to offer all the necessary facilities to attract sector companies,” […]
China is now the main supplier of cars to Mexico
China is the world’s largest producer of light vehicles and its government and Chinese companies have maintained an aggressive sales strategy towards the world’s main markets in recent years. China displaced the United States as the first origin of automobile imports to Mexico in 2023, after a historical US dominance, according to data from the […]
Musk says Tesla’s Mexico factory on pause over Trump’s tariff pledge
Tesla CEO Elon Musk said Tuesday during the electric vehicle maker’s earnings call that the company’s plans to build a new gigafactory in Mexico are on pause until after the U.S. presidential election due to former President Trump’s pledge to slap tariffs on cars made in Mexico. After his opening remarks, Musk was asked for […]
Mexico to review trade relations with China: ‘They sell to us, but they don’t buy from us,’ criticises
Mexico does not have reciprocal trade with China, since “it sells to us and does not buy from us,” so we have to do our own review and protect ourselves, said Rogelio Ramírez de la O. The Secretary of Finance specified that the country buys 119 billion dollars a year from China and sells 11 […]
EV Industry Growth In Mexico
Mexico’s electric vehicle (EV) market has been gaining momentum, with the country poised to follow in the footsteps of Europe, China, and the United States. However, despite its potential, Mexico’s adoption of passenger electric vehicles has been hindered by the lack of government incentives. A recent report by the AMIA highlights the stark contrast between […]
UPS to Acquire Estafeta, Providing Powerful Global Logistics Solutions
UPS is set to acquire Estafeta, a leading Mexican express delivery company, as part of its ‘Better and Bolder’ strategy to become the world’s premium international small package and logistics provider. The acquisition will provide customers in Mexico with access to global markets through seamless service and greater efficiency. According to UPS CEO Carol Tomé, […]
Trump uses false claim about Chinese auto plants in Mexico to call for UAW president to be fired
Donald Trump used false claims during his acceptance speech for the Republican presidential nomination to call for the United Auto Workers (UAW) union president to be fired. Trump claimed that Chinese automakers were building large factories in Mexico, from which they would ship cars to the US without paying taxes. Industry experts, however, have debunked […]
New Maritime Route Cuts Travel Time by 10 Days Between China and Mexico
A new direct maritime route between China and Mexico has been inaugurated, cutting travel time for merchant ships by up to 10 days. The route starts from Dalian Port in northeast China and reduces the navigation time compared to previous routes. The OOCL Chennai, a shipping company from India, made the maiden voyage on Friday, […]
Global liners flock to Mexico
South Korean flagship carrier HMM has joined other liner companies such as Ocean Network Express (ONE), COSCO, OOCL, and Mediterranean Shipping Company (MSC) in announcing a new service connecting China with emerging manufacturing powerhouse Mexico. This move reflects the rapid growth in container shipping volumes between China and Mexico, which set a record of 563,829 […]
Borderlands Mexico: Ambitious billion-dollar Tehuantepec rail corridor aims to grab more international trade
Mexico’s ambitious Tehuantepec rail corridor aims to boost international trade by connecting the Gulf of Mexico and the Pacific Ocean through the shortest distance in the country, spanning 188 miles. The project, which has received funding from the government, will transform the Isthmus of Tehuantepec into a new trade hub, promoting investments in commercial, corporate, […]