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), highlighted the potential of Rio South Texas as a binational manufacturing hub during a recent meeting in McAllen. The focus was on the upcoming electric vehicle production at BMW's San Luis Potosí plant, which is set to reshape Mexico's automotive landscape. The region's economic impact, driven by Starbase Texas, is estimated at $900 million. San Luis Potosí ranks fifth in vehicle production and sixth in auto parts, with over 250 suppliers. The meeting emphasized investment and supply chain opportunities in both Rio South Texas and northern Mexico.
AI summary · Source: Texas Border Business →
