Cenntro Car, Yanfeng Seating Spend money on Nuevo Leon

Tech and car producer Cenntro Car Company is making an investment US$200 million in Nuevo Leon, Mexico, to release the primary segment of its lithium-ion battery manufacturing plans. The ten,436m2 plant, which began development closing yr, is predicted to begin operations in 2Q23.

Andrés Lankenau, President, Cenntro Car México, defined that america$200 million funding will happen over 3 years to construct the plant’s battery production functions and to increase its products and services in Mexico. Lankenau additionally highlighted the function that sustainability is taking within the nation’s car business. “Firms in Mexico are environmentally mindful and dedicated to renewing their fleets with electrical automobiles. Cenntro is speedy changing into the very best quality provider of cost-effective electrical industrial automobiles in Mexico,” Lankenau tells El Economista. 

The corporate’s “Electrifying Mexico” program goals to extend the affect of electromobility thru its industrial EVs: Metro, Logistar 100, Logistar 200 and Logistar 260 with van and load field choices. Those automobiles are perfect for supply, courier, specific and package deal provider suppliers, says the corporate. Cenntro Car Company has delivered over 3,600 EVs because of its meeting vegetation internationally. 

Yanfeng Seating Inaugurates its 2nd Plant in Nuevo Leon
The Chinese language corporate opened a brand new facility in Nuevo Leon, which represented an funding of US$23 million and is about to create 800 new jobs. This plant will have the ability to produce as much as 800,000 units of car seats for the corporate’s international consumers. Yanfeng Seating additionally has production amenities in Coahuila, Queretaro and San Luis Potosi.

“Yanfeng Seating, which could also be a Tesla provider, is right here in Nuevo Leon inaugurating a first-world plant,” says Samuel García, Governor of Nuevo Leon. García additionally introduced a collection advantages and incentives for car corporations within the state because of the state’s Expenditure Legislation. “We’re pronouncing a 50 p.c cut price on all charges, taxes and tasks for hybrid or electrical automobiles in Nuevo Leon,” says García.

Nuevo Leon is one a very powerful areas within the nation’s production business. Iván Rivas, Minister of Economic system of Nuevo Leon, highlighted the paintings the present management has performed in attracting funding for the car business. “We’re strengthening one of the vital dynamic industries in Nuevo Leon. Since 2022, 23 funding tasks within the car sector had been showed, representing an funding of US$1.64 billion and the advent of seven,292 new jobs,” mentioned Rivas.