At least three Chinese automakers eyeing expansion in Mexico

This post was originally published on this site

https://i-invdn-com.akamaized.net/trkd-images/LYNXMPEG0D062_L.jpg

MEXICO CITY (Reuters) – At least three Chinese automakers are preparing to produce vehicles in Mexico or expand existing operations, the Mexican ambassador to China said on Monday, in what would be a boost to one of the Latin American country’s top export industries.

Jose Luis Bernal, Mexico’s ambassador to China, said that over the past year and a half his office has seen more interest from Chinese firms looking to make cars in Mexico.

Bernal, speaking at an event in Mexico City, listed Chongqing-based carmaker Changan, electric car maker BYD, and Anhui Jianghuai Automobile Co, known as JAC, as actively eyeing production facilities in Mexico.

Changan and BYD do not yet have production facilities in Mexico, and while JAC does, Bernal said the firm is considering an expansion.

He added that the companies are aiming to begin the expanded Mexican operations sometime in the next year.

The firms did not immediately respond to requests for comment.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.