On September 1, Jiangsu Leili Motor Co., Ltd. announced that to strengthen its global strategic layout and enhance market competitiveness, the company plans to develop overseas production base projects.

The project includes three sub-projects located in Malaysia, Vietnam, and Mexico. The Mexican production base will be implemented by the company’s wholly-owned subsidiary, Mexico Aidesi Motor Co., Ltd., with an planned investment of 84.9415 million yuan. The products of this project primarily include refrigerator injection molding components, among others.

Jiangsu Leili’s overseas production base project entails a total investment of 439.6 million yuan, covering three major bases in Malaysia, Vietnam, and Mexico.

The Malaysian production base represents the investment at 215.65 million yuan, focusing on the production of household appliance motors and components, as well as industrial control motors and components. The Vietnamese production base, with an investment of 139 million yuan, will produce household appliance motors and components, industrial control motors and components, and sports and health motor and components, among others. The Mexican production base will specialize in products such as refrigerator injection molding components, with an investment of 84.9415 million yuan.

Jiangsu Leili stated that this investment will further deepen the company’s global industrial layout. By establishing production bases in Malaysia, Vietnam, and Mexico, the company aims to meet the growing demand in the global micro-motor market.

The project will enhance the competitiveness of the company’s products and brand influence in the international market, while also reducing trade risks, controlling costs, optimizing the supply chain. According to Jiangsu Leili, the Mexican factory has already been completed and is set to commence official operations in 2025, effectively ensuring supply to North American customers.

Jiangsu Leili’s investment in Mexico is a microcosm of the economic and trade cooperation between China and Mexico. China has been Mexico’s second-largest trading partner for many years, while Mexico consistently ranks as China’s second-largest trading partner in Latin America.

Currently, there are 10 weekly passenger flights connecting Beijing and Shenzhen with Mexico, making Mexico the most visited Latin American country by Chinese tourists. Mexican companies operating in China span a wide range of industries, from automotive parts and logistics to food and beverages, education IT, ceramics, financial services, electronic components, and household appliances. More than 1,300 Chinese companies have established operations in Mexico, primarily in the manufacturing sector.

Jiangsu Leili’s investment and establishment of a factory in Mexico not only represent a critical step in the company’s global strategy but also vividly reflect the deepening economic and trade relations between China and Mexico. With the Mexican factory set to commence official production in 2025, Jiangsu Leili will be better positioned to serve the North American market while bringing job opportunities and technology transfer to the local community.

The strong economic complementarity between China and Mexico offers immense potential for cooperation. From automotive parts to electronic products, from everyday household appliances to high-end manufacturing, the landscape of China-Mexico economic and trade cooperation is steadily unfolding, promising a bright future.