Chinese automaker considers two Mexican states to build plant
Chinese firm Great Wall Motor Co Ltd considers building an auto plant whether in Nuevo Leon or San Luis Potosi, revealed today Reuters citing an unidentified source from the company and officials from Kansas City Southern de Mexico (KCSM), which would offer logistic support to the facility if the automaker chooses the latter state.
According to Reuters, Great Wall Motor officials also met with executives from Ferrocarril Mexicano (Ferromex), which operates railways in Nuevo Leon.
Construction on the Great Wall Motor plant could get underway next year and cost about US$ 500 million and would produce some 250,000 autos a year for the American and Mexican markets.
Last month, Bloomberg reported the Chinese automaker is also considered building the plant in the United States after tax threats by President Donald Trump.
The company already has a research center in Los Angeles and will accelerate preparations to develop U.S.-certified versions of its Haval SUVs for sale by 2020, Bloomberg said.
“The choice between U.S. and Mexican locations would depend on trade issues involving the United States, Mexico and China,” Great Wall Motor’s source told Reuters.