San Luis Potosí is an important growth point for the automotive industry in Mexico, not only due to the presence of BMW but also General Motors. This was highlighted by Francisco González, executive president of the National Auto Parts Industry (INA), emphasizing the consistent growth that the region has experienced.
González celebrated the new government's and the Secretary of Economy, Marcelo Ebrard's, efforts to promote the automotive industry in the country. He noted that investment arrival is focusing on regions such as the border, northern zone, and central Bajío. The regionalization of manufacturing and production of auto parts has attracted nearly 65 transnational companies from China this year, diversifying and strengthening the sector.
Companies from all over the world, such as German, French, Swiss, American, and Canadian, have started moving their production from China to Mexico. This trend, known as 'China Plus 1', aims to establish operations close to the United States. In particular, San Luis Potosí has stood out as one of the states with the highest growth in auto parts production, with a growth of 10.37% from January to July this year.
During the first half of the year, the investment from auto parts companies from Germany reached its highest point, representing about 50% of all foreign investments in the sector. This strong interest from the German industry in Mexico is reflected in a significant increase in orders from companies like BMW Group, General Motors, Volkswagen, Audi, and Stellantis.
Foreign Direct Investment (FDI) from German companies in Mexico exceeded 4 billion dollars in the first half of 2024. This investment was mainly directed to states like Puebla, San Luis Potosí, and Jalisco, and has contributed to the growth of key sectors such as interiors, electrical and electronic components, as well as security systems.
In this context, the auto parts industry in Mexico continues to attract foreign investment and promote the expansion of suppliers in the country. German companies and those from other countries continue to trust Mexico's potential as an automotive manufacturing hub, which translates into significant growth for the sector and for the Mexican economy in general.
