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Monday, September 23, 2024

Autoparteras await US election – Millennium Group

He interest of the automotive industry for growing in North America and Mexico is very currentas there are 55 companies ready to invest; however, they are waiting for political issues in the region to be defined, such as the election in USArevealed Francisco González, president of the National Auto Parts Industry (INA).

In an interview with MILLENNIUMexplained that mainly They come from Asian and European shipyardswhich are the ones that are expanding their production volume the most in Mexico.

“They could double their operations, which is why it is estimated that they will arrive in the region of USMCAand perhaps with greater intensity to Mexico, around 55 companies in the auto parts sector (…) are investments that can amount to between 2.5 and 3.5 billion dollarswhich is expected to be officially announced next year,” he said.

He explained that will arrive to develop softwares, microchipscar screens and entertainment systems, among others.

“And these investments will also be used for battery assembly; in fact, There are currently eight projects for this topic, as already announced BMW at its San Luis Potosí plant and Ford with its Guanajuato factory in its production of parts for electric motors,” said the union leader.

He added that those pprojects They are in a ‘wait and see’ mode regarding the political issues of the countries that make up the North America area”.

He recalled that one of the most important gears in the industry automotive of Mexico is the auto partswhich showed its growth and good organization, “for now this is what I can say about the association that I represent, but I think the same can be said about the others.”

According to information from the Secretariat of Economybetween 2019 and the first half of 2024 34 thousand 573.7 million dollars arrived in the countryof which 11 thousand 111 million correspond to the sector of auto parts.

Regarding the project of Tesla in Mexico, Francisco González explained that development is not cancelled, it is just on pauseso he hopes it can be reactivated. He said that currently the Mexican supplier supplies Tesla at its factory in Austin, Texas, with parts for electric motors, rotors, aluminum and brake systems.

Potential

Odracir Barquera, general director of the Mexican Association of the Automotive Industry (AMIA), he highlighted in comments to MILLENNIUM that currently the region of North America It is the second in vehicle production On a global scale, after Asia, which has 50 million, and in third place Europe, with 15 million.

He explained that in the region that operates under the free trade agreement USMCA, Mexico ranks as the seventh largest producer of light vehicles On a global scale, the sixth exporter, the fourth in production of auto parts, and in the manufacture of heavy vehicles it is ranked top 10 global.

For the above, he stated that it is of vital interest “that This region of the T-MEC is strengthenedespecially with the next one revision of this agreement, which for 30 years of activities managed to strengthen the integration of the three countries that comprise it.”

Odracir Barquera recalled that AMIA It is the institution responsible for ensuring the interests of the industry automotive in Mexico on a regional scale.

AKMD

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