LS Cable & System raises investment to US$200 million

The South Korean companies LS Cable & System Mexico and LS EV Mexico decided to double the planned investment for their project in Queretaro, increasing it from US$100 million to US$200 million, with the goal of expanding their manufacturing capacity and producing cables for electric vehicles, data centers, and power transmission, thereby strengthening the supply chain for strategic sectors in North America.

The announcement was made during a meeting between Queretaro Governor Mauricio Kuri Gonzalez and company executives, during which they reviewed the company’s operational plan in the state and presented an update on the industrial project it is developing in the municipality of Corregidora.

The expansion represents a 100% increase over the originally announced amount, reflecting the company’s confidence in the state and in the availability of specialized talent to meet the growing demand for electrical infrastructure solutions and components for the automotive industry.

The decision to expand the investment responds to the growing demand for infrastructure related to the electrification of transportation and the development of data centers—segments that require cabling solutions with higher power and data transmission capacities.

The company emphasized that Queretaro will become an integrated hub for the North American market, from which it will serve projects related to electrical infrastructure and components for the automotive industry, as well as telecommunications and turnkey solutions.