Electric-Vehicle Production Could Create New Cross-Border Supplier Opportunities
· Texas Border Business
Adam Gonzalez, CEO of the Council for South Texas Economic Progress (COSTEP), emphasized the potential of Rio South Texas as a binational manufacturing hub during a recent meeting in McAllen. The focus was on the integration of supply chains and investment opportunities, particularly in light of BMW's plans to start electric vehicle production at its San Luis Potosí plant by 2027. This development is part of Mexico's evolving automotive industry, which also includes General Motors' operations. San Luis Potosí ranks as Mexico's fifth-largest vehicle producer, with over 250 suppliers contributing to an annual output of $8.5 billion in auto parts.
AI summary · Source: Texas Border Business →
