SALTILLO, COAH – The Chinese capital company, Xusheng, began construction of what will be its new auto parts manufacturing plant for electric cars in the municipality of Saltillo, Coahuila, which is expected to boost industrial dynamism in the southeastern region of the state.
Xusheng will invest US$350 million and will generate 1,200 jobs at its plant to be located in the Alianza Derramadero Industrial Park. The factory will be dedicated to the production of precision aluminum alloy auto parts and industrial parts.
“Today, Coahuila is experiencing a high industrial dynamism with the arrival of new and greater productive investments, which unite our chain of suppliers and diversify the origins of capital,” mentioned Governor Miguel Ángel Riquelme Solís during the groundbreaking ceremony.
Mr. Riquelme Solís acknowledged that Xusheng strengthens the state’s Automotive Cluster, especially the respective supply chain.
For his part, the General Manager of Xusheng in Mexico, Simon Huang, informed that this new plant is the company’s 13th worldwide, and that its intention is to generate more than 1,500 jobs in the coming years.
“Our goal is to make Xusheng a great place to work in Mexico,” he said, and recalled that last March was when they made the decision to invest in Mexico.
Ningbo Xusheng Group Co., Ltd was founded in August 2003, and according to its official website, is committed to the field of new energy vehicles and light cars. The company is mainly engaged in the research and development, production and sales of precision aluminum alloy parts for automobiles and industrial parts.
Also, the company is characterized by precision machining of parts for core systems such as transmission, batteries and suspension for electric vehicles. At present, it has three main processes of die casting, forging and extrusion, which basically cover the core aluminum alloy products of the automotive transmission system, chassis and batteries.
The Governor was also accompanied by Cloud Zhao, Vice President of Xusheng Group; XuDong Xu, Chairman of Xusheng Group; César H. Cantú, President of Grupo Alianza; and Francisco Saracho Navarro, Secretary of Education in Coahuila.