According to foreign media reports, the Chinese auto parts manufacturer is now rapidly building a factory in the outskirts of Monterrey, Mexico, so that it can supply Tesla's next factory. Foreign media quoted sources familiar with the matter as saying that Tesla CEO Elon Musk (Elon Musk) previously invited Chinese suppliers to build factories in Mexico, thereby copying the local supply chain model of Tesla Shanghai factory to Mexico.
Recent Chinese investments in Mexico include Ningbo Topu Group, Shanghai Bahong Auto Parts Co., Dongshan Precision, Silver Wheel and Chinaust Group, a joint venture between Lingyun and Georg Fischer AG of Switzerland. These companies mainly produce heating and cooling systems, shock absorption products, metal components and other components.
Chinese companies are increasingly investing in countries like Mexico. Chinese industrial companies are using 9.31 million square feet (86.5 hectares) of Mexican industrial park space by 2023, up from 1.28 million square feet (11.9 hectares) in 2019, according to data from Finsa, a Mexican real estate development company.
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