The Summary of Automotive Investments during 2021 in Mexico, from the Automotive Directory business platform, revealed that Mexico captured 487 million dollars in investment from the automotive sector during the fourth quarter of 2021.

The same study reported that in the Bajío (Aguascalientes, Guanajuato, Querétaro and San Luis Potosí), 62 projects and 1,093.17 million dollars in investments were captured, making the region the most dynamic in the country.

In 2021, the Bajío recovered 17 thousand 643 jobs and accumulated more than 2.8 million square meters of construction of automotive plants and new industrial park projects for the sector.

Check here: San Luis Potosí offers opportunity to developers to diversify industrial offer

Querétaro, specifically, captured 102.5 million dollars through 12 investments, among which the expansions of Keats de México, Dana and the construction of Kloeckner Metals stand out, the three Tier 1 dedicated to auto parts and of American origin.

The state also boasts, despite a 61.34% drop in accumulated investments, of being the fourth entity that received the most automotive investment projects, which generated 1,420 direct jobs for Queretaro residents.

The investment of BCS Automotive Interface Solutions for the construction of a new plant in the Technological Innovation Park in Querétaro will be reflected in the 1Q 2022 Automotive Investment Summary of the Automotive Directory in April of this year.

This investment, which was announced on January 13, 2022, for about 59 million dollars and will generate 836 new direct jobs.

It should also be mentioned that on January 18 of this year, Marco Antonio del Prete Tercero, Head of the Secretariat for Sustainable Development, reported that 17 expansion projects related to the automotive sector were already on the doorstep.

Of interest: Nexgen Packaging expands its production in Querétaro

In addition, in recent days the Automotive Cluster of Querétaro has reported that Yanfeng joined the Circular Economy project as an anchor company, which encourages suppliers to better environmental and economic practices that can lead to other investments.

The Summary of Accumulated Automotive Investments in 2021 of the Automotive Directory indicates that a total of 114 new investments were received from 15 countries in the sector during the past year.

Of these, 56 corresponded to new plants or projects, 53 were expansions, 3 acquisitions and 2 retoolings. In total, more than 4,265.07 million dollars were accumulated between January and December, 15.35% more than in 2020, indicating a recovery in the sector, although less than initially expected.

The construction of more than 11.56 million square meters of projects, which represents 497% more than in 2020, indicates that the arrival of a large number of new investments and expansions is being prepared in the coming years.

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