FengMei invests US$15.6 million to set up in Aguascalientes

URLhttps://mexico-now.com/fengmei-invests-us15-6-mill
SourceMexico Now
Date Published05/31/2024

Additional Reshoring Information:

Company/Division name FengMei New Energy Automotive Technology
Parent companyFengMei New Energy Automotive Technology
Type of work Manufacturing
Reshoring category:Nearshoring
Total number of jobs (added or to be added):1000
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2025
Capital investment ($):15.6
Country(ies) from which reshored:China
City reshored to:Aguascalientes
State(s) reshored to:Mexico
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredEV
What non-domestic negative factors made offshoring less attractive?Supply chain interruption
What domestic positive factors made reshoring more attractive?Eco-system synergies, Impact on domestic economy, Infrastructure, Proximity to customers/market
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