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Home to the largest and most competitive autoindustry in Latin America, Mexico was a latecomer to the electrification race, presenting marginal EV sales until late 2021 (with sub-0.1% continued] The post Mexico EV Sales Report: 90% Growth YoY in June Brings EV Market Share to 2.5%! BEV market share).
Auto-industry tariffs coming in April, may bring immediate price hikes Mexico makes many U.S.-bound bound EVs, buys few of them EV tax credit still potentially applies to models made in Mexico and Canada The threat of auto tariffs affecting models made in Mexico and Canada has not abated.
intends to open a new manufacturing facility in Mexico to produce aluminium automotive structural components. This plant, located in San Luis Potosí, will allow Constellium to respond to increasing demand for lightweight, high-strength aluminium Crash Management Systems and automotive structures for the expanding autoindustry in Mexico.
Credit: BYD At the same time, many automakers including Tesla are racing to build their next-generation, mass-market EVs, set to first be produced in Texas as soon as 2025 , then later at an upcoming factory in Mexico , and eventually at a yet-unannounced third location. auto sector,” the organization writes.
On Tuesday, longtime autoindustry veteran Sandy Munro shared a new interview with Musk, held following the Cybertruck delivery event. You can watch the full interview from Munro below, which marks the second time the autoindustry veteran has interviewed Musk. What are your thoughts?
Giant amongst developing nations, Mexico stands currently as the seventh-largest automobile producer in the world (in number of units). The Mexican autoindustry has grown sevenfold since the 1960s and doubled its output since the 1990s, when it was granted full access to the US market. […]
Recent reports indicate that Tesla’s new gigafactory could be located in Mexico. Besides Mexico, there have been a few locations that Tesla has considered for its new gigafactory. Even if Mexico is Tesla’s new gigafactory location, the other places in the running are not completely out of the question.
Chinese automaker BYD has been seeking to build an automotive plant in Mexico, with the company’s regional chief executive confirming the plan on Wednesday. manufacturing advocacy group, the Alliance for American Manufacturing, this month warned low-cost Chinese cars and parts could threaten the viability of auto companies in the U.S.
A Honda exec told Charged in February he was confident they’d receive 40,000 Prologues from the factory in Ramos Arizpe, Mexico, during calendar 2024. Data since sales started in March suggests that the Prologue has done well for Honda—more than 5,400 were sold in August 2024 (the most recent month before this article closed).
Carlos Ghosn, Chairman and CEO of the Alliance, described the partnership as “ one of the most productive in the autoindustry. ”. Since then, the combined portfolio shared between the partners has more than quadrupled to 13 projects in Europe, Asia and the Americas. We cooperate when it is mutually beneficial. —Dieter Zetsche.
Global technology company ZF officially opened the campus that will house four corporate function hubs for North America and the company’s first R&D centre in Mexico, on April 4, 2024. It is the first multi-functional and multi-divisional campus for ZF in Mexico. This investment is a win-win.
The imminent collapse of traffic in megacities such as Mumbai, Mexico City or Bangkok. However, Winterkorn said, VW, and the German autoindustry in general, abandoned the early advantage and work in electromobility. And the autoindustry doesn’t hold back on announcements. Currently, cars contribute.
The autoindustry is faced with the question of whether and how we will be a global leader in the future,” Baerbock said at the event. For our nation, where the autoindustry accounts for a large share of value creation, this is not just an economic issue, but also a question of security.”
Well, America’s autoindustry delivered over 100,000. That helped us become the world’s greatest industrial power. It helps that the autoindustry will be building more efficient new vehicles. Tuesday night, President Obama will speak to the nation about the Gulf catastrophe. And no one asked what it would cost.
Some of Tesla’s important accomplishments in 2023 included the launch of the highly anticipated Cybertruck and the redesigned Model 3 “Highland,” as well as the widespread adoption of the automaker’s charging hardware across the North American autoindustry.
But BYD's ambitions in Mexico go beyond just selling cars. This factory would not only cater to the local market but also serve as an export hub, leveraging Mexico's strategic position and burgeoning autoindustry. Interestingly, while BYD is pushing into Canada and expanding in Mexico, they're steering clear of the U.S.
The EV3 is a cornerstone of Kia’s plans to secure its future position in the autoindustry. After reports surfaced that Kia would build the affordable EV in Mexico and export it to the US, it looks like they are turning out to be true. Kia is expected to begin production at its Monterey plant in Mexico by the end of 2024.
“The future of JAC is EV,” declared Jason Pecotic, the managing director of BLK Auto. Pecotic, a China autoindustry veteran, has had a previous stint with JAC when it briefly sold a diesel truck here a decade ago, as well as WMC (Foton) utes and MG, which is part of Chinese manufacturing giant SAIC. 2023 JAC JS6 SUV.
Mitsubishi’s CEO Takao Kato explained, “Collaboration with partners is essential in today’s autoindustry,” with EVs and other tech rapidly developing. BYD is breaking into Japan’s seemingly impenetrable autoindustry. BYD led the way, with imports surging 184% YOY, according to the Japan Automobile Importers Association.
The notice includes 87,762 vehicles (BYD AutoIndustry) produced between February 4, 2023, and December 26, 2023, and another 8,952 models (BYD Auto Co) built between November 2, 2022 and June 19, 2023. According to SAMR, the recall concerns a defective electronic power steering column assembly (CEPS) controller.
Italy has been looking to diversify its autoindustry, which is currently dominated by Stellantis – a laggard in electrification. Tesla has already delayed its most recently announced new factory, Gigafactory Mexico. The country is especially looking at Chinese automakers looking to build vehicles in Europe.
Its factories in Texas and Berlin have ramped up production rates on several occasions thus far in 2023 already, and as manufacturing continues to grow at those factories, Tesla will also increase its annualized build rates with a new plant in Mexico.
Despite new tariffs on Chinese EV imports in the US and Europe, BYD is widening its lead in key auto markets like Southeast Asia and South America. BYD is launching new vehicles in surging EV markets like Thailand, Singapore, Brazil, and Mexico. It’s even cracking into Japan’s autoindustry, a market dominated by Toyota.
The 13 states are: Arizona, Connecticut, Maine, Maryland, Massachusetts, New Jersey, New Mexico, New York, Oregon, Pennsylvania, Rhode Island, Vermont and Washington. From 2012 onwards, the new national standards would be deemed to reflect the state standards and the autoindustry would dismiss its legal challenges.
BYD Seal test drive in Mexico (Source: BYD) According to the release, Tesla “may receive an individually calculated duty rate at the definitive stage.” BYD’s leader said the new EU tariffs are a testament to China’s autoindustry strength. FTC: We use income earning auto affiliate links. Geely: 20% SAIC: 38.1%
Writing a grant to fund the expansion of 15 Level 2 community chargers within the city of Las Cruces, New Mexico. Growing up in Sunland Park, New Mexico, Jonathan learned early the value of education, the strength of our community, and the power of investing in the future. What type of leadership makes you thrive?
Writing a grant to fund the expansion of 15 Level 2 community chargers within the city of Las Cruces, New Mexico. Growing up in Sunland Park, New Mexico, Jonathan learned early the value of education, the strength of our community, and the power of investing in the future. What type of leadership makes you thrive?
A Honda exec told Charged in February he was confident they’d receive 40,000 Prologues from the factory in Ramos Arizpe, Mexico, during calendar 2024. Data since sales started in March suggests that the Prologue has done well for Honda—more than 5,400 were sold in August 2024 (the most recent month before this article closed).
Joining BMW, Ford and FCA in suspension of production in the US due to COVID-19 ( earlier post ) are: Toyota is temporarily suspending production at all of its automobile and components plants in North America, including Canada, Mexico and the US, through 3 April. Tesla will suspend production at its Fremont plant on 23 March.
In Mexico, auto sales stalled through the first seven months of 2014, causing some concern that new tax policies implemented at the beginning of 2014 were hurting auto demand growth; however, motivated by incentives to help spark demand, light vehicle sales grew throughout the second half of the year. million units.
In the report, Gomes noted that the autoindustry will also add to economic growth in Latin America. While this is a moderation from a 15% jump in 2010, the industry will continue to support economic growth. In the United States, the latest US industrial production report confirmed that motor vehicle output jumped 3.2%
General Motors ‘(GM) decision to invest $1 billion for EVs in Mexico instead of the United States is not the “EV leadership” that America needs. President Biden heaped a lot of syrupy sweet praise on the automaker for “electrifying the automotive industry” although we all know it was Tesla and not GM.
Stellantis executives met with Mexican leaders including President Andres Manuel Lopez Obrador in July to talk about EVs and strengthening the company’s supply chain in Mexico. Perhaps I should revisit my recent opinion piece on GM’s investment in Mexico. I still think that investing outside the U.S.
Jeremiads lamenting China’s takeover of the global autoindustry are everywhere these days. Retreating behind tariff walls or outright bans will further isolate America’s autoindustry into a Galapagos market of ridiculous trucks sold at nosebleed prices.” Three recent accounts stand out from the pack.
In the past the autoindustry has responded to incentives and guidelines set by government agencies and reengineered their product to meet this requirement. To travel from San Francisco to Mexico in a BEV would involve many long-time (several hours) battery charges assuming the charging stations will even be available.
Florida Senator Marco Rubio said that Chinese companies are setting up manufacturing locations in Malaysia, Mexico, and Vietnam, which could help them sidestep U.S. BYD is building a factory in Mexico to manufacture pickups and other vehicles, and the country already has several Chinese-branded vehicles on its streets.
Two executives are retiring: Kiersten Robinson, common supervisor of nation cars and president of Mexico and Canada for Ford Blue, on July 1; and Jonathan Jennings, vice chairman of provide chain, as of Aug. Door’s hiring is a part of a minor government workforce shakeup introduced Tuesday through Ford.
It has now installed another one in Mexico, to cater to OEMs located in the USA since many of these are looking for alternatives to lessen their dependence on Chinese component manufacturers. Hence, we also expect the auto component industry to continue to outperform the core autoindustry growth in the coming years.”
After decades of trumpeting “free trade,” and watching industry after industry decamp to China, the US government has apparently decided to draw a red line in front of the autoindustry, and protectionism is back in style. it has been plain that electrification is the future of the autoindustry.
—Clean Air Task Force Take the SunZia transmission line project which was started in 2006 to send enough renewable power via transmission lines 520 miles across federal, state and private lands between New Mexico and central Arizona. These are complex, intertwined and global issues well beyond the control of either CARB or the autoindustry.”
However, just as there are positives affecting the forecast, there are range of trends and risk factors that could drive US light vehicle sales lower, including: Uncertain passage of the United States Mexico Canada (USMCA) trade agreement; Continued imposition of steel and aluminum import tariffs—especially on Canada and Mexico, two of the largest (..)
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