Mexico and China strengthen cooperation in the automotive sector

The Mexico-China Chamber of Commerce and Technology reaffirmed its commitment to the growth of the automotive sector in Mexico, highlighting the role of Chinese investments in the modernization of the industry.

In the first half of 2024, China channeled US$2.2 billion into the sector. Representing 18.3% of total investment and consolidating itself as the second largest investor, only behind Germany.

However, the global situation presents challenges. The Chamber expressed its concern about protectionist measures by the United States, noting that they generate uncertainty in international trade and could affect supply chains.

In addition, the transformation towards a cleaner and more efficient mobility model has been a priority in the trade relationship between Mexico and China. In this regard, 36.4% of Chinese investments in the sector have been allocated to electromobility projects, totaling US$4.6 billion.

These resources have financed 40 strategic projects, focused on the production of electric vehicles and the expansion of charging infrastructure. This progress is crucial to reduce the carbon footprint and modernize transportation in Mexico.

Mexico's auto parts sector has also registered remarkable growth. Between January and October 2024, auto parts production grew 3.01%, with projections to reach US$127.5 billion in 2025.

Segments with the highest growth include: Electrical Parts, Suspension Systems and Safety Components.

Thus, China has played a key role in this development, supporting innovation and technological modernization in the sector. Companies such as KUKA Systems de México, based in Toluca, have contributed to process automation, improving the industry's efficiency and competitiveness.

Finally, Mexico has established itself as a global benchmark in automotive manufacturing, thanks to its integration with North America and a trade policy strategy that facilitates the attraction of foreign investment.

The Mexico-China Chamber of Commerce and Technology emphasized the importance of strengthening this relationship by promoting a stable and competitive business environment.