Government News
China's Yongmaotai Auto to build aluminum parts plant in Mexico for USD62.8 million 2025-07-02
Yongmaotai Automotive Technology, a Chinese supplier of aluminum alloy parts for cars, said it plans to invest CNY450 million (USD62.8 million) to build a new factory in Mexico to mitigate the impact of fickle global trade policies on its European and US customers' supply chains.
Yongmaotai Auto's two Singaporean units will jointly set up a Mexican firm to invest in the new plant and oversee its construction and operations, the Shanghai-based parent company announced on Tuesday. The project will likely take two years to build, it added, without disclosing further details.
The investment in Mexico will help reduce the adverse effects of changing tariff policies on the supply chains of Yongmaotai Auto's customers in Europe and the United States, the firm noted. It will also stabilize and strengthen ties with overseas clients and markets and promote the penetration rate of its aluminum parts in the car sector.
In April, Yongmaotai Auto said it plans to invest USD50 million to build a turbocharger housing factory in Indonesia with an annual production capacity of about 5 million units. The goal for that investment was the same as the one behind the Mexican plant.
Yongmaotai Auto mainly produces aluminum alloy parts, counting General Motors, Volkswagen Group, BorgWarner, Continental Automotive System's Brake Systems, and Robert Bosch or their Chinese joint ventures among its clients. Its overseas revenue reached CNY225 million (USD31.4 million) last year, accounting for about 5.5 percent of its total income, according to its annual financial report.
Source: Yicai Global
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