Electromobility, USMCA on the Spotlight: The Week in Automotive

During the 20th edition of the International Automotive Industry Congress (CIIAM), which took place last week, industry leaders and key players from Mexico’s automotive industry discussed the most relevant topics regarding the automotive sector. Topics included the current state of the USMCA, trends and opportunities, supply chain challenges and the road towards electromobility. 

Ready? This is the Week in Automotive!

What to Expect from Mexico’s Automotive Industry?

The USMCA brings a unique opportunity to Mexico. The country's privileged geographical position puts it close to two of the most powerful economies. However, the agreement also brought challenges to the country’s automotive sector, including changes in the rules of origin, the rapid response mechanism and the dispute regarding energy policies. 

 “The measures implemented within the USMCA, such as the new labor unionization model and the rapid response mechanism, are unique in the world and unprecedented,” said Esteban Martínez Mejía, Head of the Liaison Unit for Labor Justice Reform, during CIIAM. Check the note here. 

Mexico Needs to Take Action to Achieve Electromobility

Mobility is changing, especially in major urban cities where current solutions are unable to meet the demand. Electromobility is bringing new opportunities to the country. "There is a tremendous opportunity for electromobility suppliers in Mexico. Customers are demanding that brands innovate and produce new alternatives for mobility. It is the responsibility of companies to create these solutions,” said Miguel Barbeyto, President and Director General, Mazda Motor Mexico. See the complete article. 

Industry, Government Must Build Joint Work Agenda

For experts, collaboration between public and private sectors must happen if Mexico seeks to offer certainty to investors, explained José Medina, President, COPARMEX. “The uncertainty generated by the dilemmas of the USMCA has stopped very important investment projects for both industry and the Mexican economy,” he said. COPARMEX is working to maintain the continuous dialogue among the industry key players. Find out all the details here. 

EU, US to End Dependence on Chinese EV Batteries by 2030

Analysts at Goldman Sachs said that by 2030 the EU and the US could fully meet their demand for batteries, bringing an end to the regions’ dependence on Asian companies that are the current powerhouses of battery manufacturing. See the complete article here.