JL Mag, a Chinese company specialized in the production of magnets for electric vehicles, will invest 100 million dollars in Salinas Victoria. The investment is expected to grow to $500 million in the medium term, consolidating Monterrey as the global epicenter of electromobility, announcing massive investments with Tesla suppliers.

Other Tier 1 suppliers, such as Tuopu and Hesai Technology, have already confirmed investments in the region. Now, JL Mag is listed to increase its production of magnets for electric vehicles.

Of interest: Submarket Santa Maria houses 40% of office constructions in Monterrey

Governor Samuel Garcia also reported that between 200 and 300 electromobility providers will arrive in Mexico due to the boom that the country is experiencing with Nearshoring.

Likewise, the municipal president of Salinas Victoria, Raúl Cantú de la Garza, said: “We have reaffirmed the commitment with Asian companies, we have made agreements and today it is affirmed once again that Salinas Victoria is a world power.”

Check here: Industrial demand from January-September in Tijuana exceeds the same period in 2022 by 57%

Regarding the supply focused on electromobility, Directorio Automotive reported in its document Automotive Investment 3Q 2023, that between January and September 2023, 83 projects related to electromobility have been registered in the country, representing 58.4% of Tier 1 investments. and Tier 2 in the same period. If you want to know more information about it.

In Solili you can consult industrial warehouses available in Saltillo and Reynosa

Original note