FengMei invests US$15.6 million to set up in Aguascalientes

AGUASCALIENTES - The Chinese company FengMei New Energy Automotive Technology announced an investment of US$15.6 million to install a production plant in the Finsa Industrial Park in Aguascalientes.

The project will begin construction this year and is expected to start operations by the end of 2025, generating more than 1,000 direct jobs.

The new plant will be oriented to the electric vehicle segment, with the manufacture of high voltage power distribution products for customers such as BMW, Volvo, Tesla, Nissan, Mazda, Toyota, Honda, Hyundai, Kia, VW, Rivian and Stellantis.

It will also be the company's first in the Americas, complementing its facilities in Romania and China, as well as its warehouse in Germany and sales offices in the United States and Singapore.

“After analyzing other regions, we chose Aguascalientes because of its good people, quality human capital, safety and readiness to receive large investments," said Martin Ma, CEO of FengMei New Energy Automotive Technology.

With this investment, Aguascalientes reinforces its position as a key center for the automotive industry and sustainable technologies, driving economic growth and job creation in the region.