Auto parts maker Vimercati would invest US$200m to open a factory in the northern Mexican state of Nuevo Leon, Reuters reported.
State governor Samuel Garcia announced the plans on social media.
The company, owned by India’s Viney Corporation, was yet to comment.
According to Reuters, Garcia tipped Nuevo Leon to become a global hub for EV manufacturing.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData