Nuevo León ready to receive investment in auto parts for electric vehicles
El Economista | October 26, 2021 |

Nuevo León is prepared to receive investment from auto parts suppliers for the assembly of electric cars.

There are already suppliers installed in the entity, for example the Korean company TS, which is developing to sell two parts for the electric car motor next year, and another Korean company will soon arrive that expects to produce electrical parts for the electric motor, said Rivas Rodríguez, the Secretary of Economy of the entity.

To accelerate electric mobility, the Automotive Cluster of Nuevo León (Claut) is developing second-level suppliers (Tier 2), so that they are ready when the suppliers of the assembly plants (Tier 1) arrive.

The aim is to replace these auto parts with local suppliers, since the T1s arrive with their satellite companies.

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Currently the state government is working to attract Foreign Direct Investment (FDI) projects for 10 billion dollars, which could generate more than 3,000 jobs, however, they are competing with other cities.

Manuel Montoya Ortega, director of Claut highlighted that every day they receive requests from transnational companies about processes such as plastic injection, machining, foundry, aluminum injection and forging, these components are currently brought from Asia and Europe, but they are looking for them to be made in Mexico.

He explained that in general the average national content of Mexican components in automobiles is around 15%, while in Nuevo León, it is 30%, because the automotive industry is much more integrated than in other entities, some have only 2% regional content.

The challenge facing the industry in Nuevo León and throughout the country is how to quickly incorporate all these technologies to manufacture electric cars. Examples like Hertz that recently announced the acquisition of 100,000 electric vehicles from Tesla to use in its car rental business.

Of interest: The most important supplier of auto parts for the United States is Mexico

A great advantage for Mexico is to take advantage of the T-MEC rules of origin, the relationship between China and the United States and the interruption of the supply chain due to a lack of chips, which will promote the regionalization of the supply chain.

In turn, Manuel Valdés, president of the Claut Council and general director of Questum, a Quimmco subsidiary, assured that the project to manufacture electric commercial vehicles, with E.GO, is going very well, in which around 450 suppliers participate, " most of which we are going to locate and regionalize, in addition, there are suppliers that are already in the state and we are working with them in an accelerated manner ”.

The fleet of electric commercial cars will be of German design and Mexican manufacture, the plant will begin to be built in 2023 and the following year it could begin to produce these vehicles.

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