New Investments Come to Nuevo Leon: The Week in Automotive
This week, Nuevo Leon announced two investments to boost the region’s automotive sector. Cenntro Automotive Corporation will invest US$200 million to manufacture lithium-ion batteries, while Yanfeng Seating opened a new plant in the state.
Ready? This is the Week in Automotive!
Toyota to Break Production Records in 2023
In 2023, the Japanese manufacturer expects to assemble 10.6 million vehicles worldwide and break its previous production record of 9.05 million units, which it manufactured in 2019. Toyota's assembly plants in Baja California and Guanajuato, Mexico, might churn out between 305,000 and 320,000 vehicles in 2023. The Guanajuato plant plans to assemble between 166,000 and 175,000 of those.
Nikola Launches First Hydrogen Fuel-Cell Mobile Fueler
The Nikola Corporation, which manufactures electric and hydrogen fuel cell trucks, has created a cutting-edge heavy-duty hydrogen mobile charger that can immediately refuel heavy-duty fuel cell electric vehicles (FCEV). “Nikola has spent the greater part of two years developing a flexible mobile fueling solution which cools and compresses hydrogen to rapidly fill 700 bar FCEV heavy-duty trucks,” says Michael Lohscheller, President and CEO, Nikola Corporation.
Nissan Mexicana to Expand e-POWER Line
Nissan Mexicana has begun manufacturing the new X-Trail e-POWER, which the company hopes will "continue to redefine the future of electric mobility." This is the second model from the Japanese automaker with the new electric motorization to reach Mexico. "We continue to redefine the future of electric mobility, now with Nissan X-Trail e-POWER, an iconic SUV of the brand that has won the hearts of Mexicans thanks to its perfect balance between reliability, power, safety and comfort, which make it an ideal vehicle for family trips," says Rodrigo Centento, Senior Director Marketing, Nissan Mexicana.
GM to Invest US$918 Million in ICE, EV Component Production
GM plans to invest US$918 million in four of its US plants to produce parts for EVs and V-8 gasoline engines. These investments, according to the company, will strengthen GM's US manufacturing facilities, particularly those for assembly, stamping, propulsion and component production. "Today we are announcing significant investments to strengthen our industry-leading lineup of full-size pickups and SUVs by preparing four US facilities to build GM’s sixth generation Small Block V-8 engine,” says Gerald Johnson, Executive Vice President of Global Manufacturing and Sustainability, GM.
Cenntro Automotive, Yanfeng Seating Invest in Nuevo Leon
Cenntro Automotive Corporation is investing $200 million in Nuevo Leon to begin the first stage of its plans to produce lithium-ion batteries. Construction on the 10,436m2 plant began last year, and operations are set to begin in 2Q23. Meanwhile, Chinese seat maker Yanfeng Seating inaugurated a US$23 million facility in the state, which will create 800 new jobs. The plant will have the capacity to produce up to 800,000 sets of car seats.