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Mexico Remains 7th Largest Vehicle Producer
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.
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.
South Korea a Barely Mentioned Nearshoring Partner
By Fernando Mares - Thu, 06/15/2023 - 17:01
According to Samu, growing Korean investment in Mexico's automotive industry fuels technology transfer, benefiting both economies.
Tesla Cuts Prices in China, Japan, South Korea and Australia
By Rodrigo Andrade - Mon, 01/09/2023 - 15:13
The EV manufacturer has significantly cut prices to increase demand in its most important markets.
Electromobility Faces Adaptation Difficulties
By Alfonso Núñez - Wed, 03/16/2022 - 12:28
All industry players are interested in the future of Mexican electromobility but the road ahead presents a myriad of challenges.