Electromobility is Changing the Car Manufacturing Environment
American Industries, a Mexico-based shelter company, announced a US$150 million investment to expand space to host companies attracted by nearshoring in Chihuahua and Nuevo Leon. Additionally, the transition to electric vehicles is causing major car manufacturers to restructure and invest heavily in their Mexican plants.
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American Industries to Invest US$150 Million in Infrastructure
American Industries, a Mexican shelter, is set to invest US$150 million to expand its industrial warehouse portfolio to continue building industrial parks in Chihuahua and Nuevo Leon, two of the most important manufacturing regions in Mexico. This move is part of the company’s efforts to tap into the growing trend of nearshoring by foreign companies, particularly Asian firms seeking to relocate their operations to Mexico.
Ford to Cut 3,800 Jobs in Europe Amid Electromobility Transition
US automaker Ford plans to cut 3,800 jobs in product development and administration areas in Europe, as a part of a relocalization strategy that aims to reduce costs in the region and focus engineering know-how in the US to respond to growing EV demand in the US.
Santander, BYD Boost Mexico’s EVs Accessibility
Santander Mexico and electric car maker BYD just announced a strategic alliance to boost Mexico’s electromobility capacity through the financing of the automaker’s vehicles. Both companies seek to provide state-of-the-art, environmentally friendly vehicles through special financing options.
Ford Invests US$3.5 billion in New Battery Plant
Ford Motors has announced a US$3.5 billion investment in the first automaker-backed new lithium iron phosphate (LFP) battery plant in the US. The new facility, called BlueOval Battery Park Michigan, will initially employ 2,500 people and begin production in 2026.
BMW to Invest US$866 Million to Boost EVs Production in Mexico
BMW will invest about US$866 million (€800 million) to implement its newest electric platform, “Neue Klasse,” at its San Luis Potosi plant. This plan is part of BMW Group efforts to increase its EVs production capabilities, as the group focuses on meeting the growing demand for sustainable mobility solutions. The investment will create over 1,000 new jobs, according to the company’s press release.