Yongmaotai invests 450M yuan in Mexico auto plant

Shanghai Yongmaotai Automotive Technology Co., Ltd. recently announced plans to invest approximately 450 million yuan in constructing a smart manufacturing base for automotive parts in Mexico. The project will be implemented by two Singaporean subsidiaries of the company’s wholly-owned Anhui Yongmaotai subsidiary. The newly established Mexican company will have a registered capital of $1 million, with one Singaporean subsidiary holding 60% and the other, Singapore Automotive Technology, holding 40%.

The project is located in Coahuila, Mexico, with a planned annual production capacity of 25 million lightweight automotive parts, including turbocharger housings. The construction period is expected to be two years, with production set to begin in the second quarter of 2027. According to the company’s 2025 semi-annual report, the project has already been successfully initiated. Approval and filing procedures are currently underway in China, Singapore, and Mexico, while the registration of the Mexican subsidiary is also in progress

As a member of the US-Mexico-Canada Agreement (USMCA), Mexico enjoys zero-tariff benefits for auto parts exports to the United States. This move not only represents a significant step in the company’s global strategy but also injects new vitality into China-Mexico automotive industry cooperation. Both sides are expected to further deepen their friendly trade relations.