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Mexico Holds 7th Rank in Global Vehicle Producer in 2023
By Óscar Goytia - Wed, 03/27/2024 - 12:50
Mexico maintains 7th position in global vehicle production, with 4M+ units in 2023, intensifying competition with Germany and South Korea.
https://mexicobusiness.news/tag/south-korea
More Automotive
Domestic Market Reports Record-Breaking Sales in August
By Reneé Lerma - Thu, 09/07/2023 - 10:43
South Korea bets on Zacatecas, while Mexico’s domestic market reports record-breaking vehicle sales.
This is the Week in Automotive!
BBVA Thrives in Mexican Automotive Financing, Nearshoring
By Reneé Lerma - Thu, 08/24/2023 - 15:31
BBVA has extended over 52,000 automotive loans in Mexico throughout 2023.
Mexico Embraces The Transition from Rio to K3
By Reneé Lerma - Mon, 08/21/2023 - 13:47
KIA is introducing the K3, its enhanced subcompact sedan, in Mexico.
Vehicles Sales, Exports and Investment: The Week in Automotive
By Reneé Lerma - Thu, 08/17/2023 - 10:00
Mexico’s vehicle exports grew by 31.2% in July, while heavy vehicle sales grew by 42.8% in 2023. This and more in the weekly roundup.
Hyundai Boosts AI Integration for Cars, Future Flying Vehicles
By Reneé Lerma - Tue, 08/15/2023 - 09:48
Hyundai Motor invests US$50 million in Tenstorrent to boost the latter’s AI, which it plans to use in its upcoming vehicles.
Foreign Embassies Promote Trade, Shien’s Shadowy Success
By Mariana Allende - Thu, 08/10/2023 - 10:00
The South Korean and UK Embassies are working with retailers to promote trade with Mexico, while Shein continues to expand despite criticisms.
Mexico Becomes The US’s Leading Auto Parts Supplier
By Reneé Lerma - Wed, 08/09/2023 - 14:49
Mexico emerges as the US’s top auto parts supplier, as 87% of the parts exported by Mexico head to the US.
KOTRA Promotes Korean Imports in Mexico
By Perla Velasco - Tue, 08/08/2023 - 11:45
KOTRA held the K-Lifestyle 2023 event at Plaza Satélite, showcasing different products and aspects of Korean culture.
Mexico's LNG Ambitions Pioneering US Gas Trade
By Karin Dilge - Fri, 07/28/2023 - 09:00
The US reported 2.7% growth in natural gas exports, with Mexico remaining the primary market for US natural gas.