Chinese automotive assembler arrives in Nuevo Leon

Nuevo Leon is currently in negotiations with a light vehicle assembler that seeks to become installed in Mexico in order to produce for both the local and the export market. Although authorities have not yet revealed the name of this company, sources indicate that Beijing Automotive International Corporation (BAIC) is the interested firm. BAIC is now commercializing two of its models in the national market: a compact car and a SUV. Samuel Peña Guzman, sub secretary of Investment and Industrial Development of the Ministry of Economy and Labor (SEyT) said that a feasibility assessment to establish operations in Mexico, specifically in Nuevo Leon, is performed.