Seojin Mobility invests US$160 million for industrial plant in Nuevo Leon

URLhttps://mexico-now.com/seojin-mobility-invests-us1
SourceMexico Now
Date Published04/19/2024

Additional Reshoring Information:

Company/Division name Seojin Mobility
Parent companySeojin Mobility
Type of work Manufacturing
Reshoring category:Nearshoring
Total number of jobs (added or to be added):300
Year reshoring announced:2024
Year reshoring implemented or to be implemented:2025
Capital investment ($):160
Country(ies) from which reshored:Korea, South
City reshored to:Nuevo Leon
State(s) reshored to:Mexico
If relevant, work nearshored to:-
Industry(ies):Transportation Equipment
Product(s) reshoredelectric motors
What domestic positive factors made reshoring more attractive?Eco-system synergies, Impact on domestic economy, Infrastructure, Lead time/Time to market, Proximity to customers/market
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