As Chinese auto brands such as BYD, Chirey, and Changan continue to expand into global markets, they are gaining recognition. However, one of the challenges that these companies face is developing brand loyalty. To build customer relationships and provide quality services, it requires establishing a comprehensive supply chain infrastructure in countries where sales have exceeded […]
Singaporean companies’ investment in Mexico highlighted
Mexico has become the business center for 13 Singaporean companies that have landed in the last year with investments in the manufacturing industry, the digital economy and infrastructure construction. “We have landed a very good number of projects in the last year, I would say about 5 or 6 manufacturing companies, 4 or 5 very […]
US GDP ‘surprises’ in 2024: Higher growth forecast than in Mexico
The growth of the US economy surprised in the second quarter of the year, widely exceeding market expectations, which will allow it to have a greater expansion than the Gross Domestic Product (GDP) of Mexico for the first time in three years. During the second quarter of the year, the GDP of the United States […]
Yucatan is seeking to become the new frontier with the United States in terms of relocation.
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 […]