Is a Mexico-China Competition Emerging in US Supply Chains? A Comparative Perspective
Table 3.
SelectedInvestment by Chinese Automotive OEMs in Mexico
|
| Company |
Main lines of business |
Presence/Plans in Mexico |
Investment amount (Millions of USD) |
|
|
| Ningbo Tuopu Group |
Supplies heat management systems |
(1) Announced in September 2022, it will set up a wholly-owned subsidiary and construct a factory in Mexico. |
200 |
|
|
| Jiangsu Xinquan |
Supplies automotive interior and exterior parts |
(1) Factory completed and operational in 2022. |
86 |
|
|
| Bethel Automotive Safety Systems |
Manufactures safety system components |
(1) Announced establishment of a subsidiary in 2021.(2) Aims to produce 4 million lightweight components annually in Mexico production to start in 2023. |
94 |
|
|
| Zhejiang Yinlun Machinery |
Manufactures heat exchangers |
(1) Plans to construct a factory producing vehicle thermal management models for the North American market; estimate production to start in 2023. |
38 |
|
|
| Xusheng Group |
Manufactures refrigeration and air conditioning control components |
(1) Raised US$100M in 2015 IPO to build a factory for microchannel heat exchangers.(2) Constructed three production lines from 2015 to 2017. (3) Opened the second phase of the Sanhua Mexico Industrial Park in Yucatan at the end of 2022. |
- |
|
|
| Joyson Electronics |
Manufactures automotive safety systems |
(1) Multiple subsidiaries in Mexico.(2) Its subsidiary, Preh, will construct an engineering development center in Yucatan. |
- |
|
|
Source: Yi (2023) [5].
|
|
