4 million vehicles to be produced yearly in Mexico

Category: News
Published: 2016-09-09

Ildefonso Guajardo Villarreal, Head of the Ministry of Economy (SE), declared during the inauguration of the Kia Motors Mexico plant, in the Municipality of Pesqueria, Nuevo Leon, that once Kia has reached its peak production in this plant, 4 million vehicles per year shall be produced nationwide, thus placing the Mexico as the top fifth global automotive producer in 2020.

He also reckons that Kia is entering the Mexican market, setting up plant production in a record time in a National market that is currently experiencing rapid growth. Nuevo Leon’s Governor, Jaime Rodriguez, asserted that, with Kia’s arrival, the State has received investment worth over US$1.6 billion in the last six months of the year, earning the State the number one position capturing investment in Mexico.

Source: El Sol de Mexico