Borderlands: New Mexico lands first major auto parts manufacturing plant

SourceFreight Waves
Date Published07/09/2023
Author NameNoi Mahoney

Additional Reshoring Information:

Company/Division name Hota Industrial Manufacturing
Parent companyHota Industrial Manufacturing
Type of work Manufacturing
Reshoring category:Foreign Direct Investment
Total number of jobs (added or to be added):350
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2024
Capital investment ($):72
Country(ies) from which reshored:Taiwan, Province of China
City reshored to:Santa Teresa
State(s) reshored to:NM
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredauto parts
What domestic positive factors made reshoring more attractive?Eco-system synergies, Infrastructure
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