Great Wall plans to invest US$500 million to build a factory in Mexico

According to a recent report from the UK, Great Wall Motors is considering building a factory in Mexico and is weighing the location of the new factory between two states. Since last year, American companies have withdrawn their investments from the Mexican market under pressure from President Trump.

Under the pressure of Trump's policies, Ford Motor said in early January that it would cancel its $1.6 billion plant plan in San Luis Potosi, Mexico. However, as China's largest SUV and pickup truck manufacturer, Great Wall Motors is considering opening a plant in Nuevo Leon in northern Mexico or San Luis Potosi in central Mexico. The plant may start construction next year, with a cost of about $500 million (about RMB 3.45 billion), and will produce about 250,000 vehicles per year for sale in the US and Mexican markets.

It is reported that the executives of Great Wall Motors have met with the Mexican Railway Company and the government of Nuevo León, Mexico, to discuss the construction of the factory. At the same time, Great Wall is also considering whether to build a factory in the United States, but the details of the site selection have not yet been announced. A senior executive of Great Wall Motors said that the location of the factory will depend on the trade cooperation between the United States, Mexico and China. Great Wall's planned investment will help Mexico reduce its dependence on trade and investment with the United States.

As a winner of Toutiao's Qingyun Plan and Baijiahao's Bai+ Plan, the 2019 Baidu Digital Author of the Year, the Baijiahao's Most Popular Author in the Technology Field, the 2019 Sogou Technology and Culture Author, and the 2021 Baijiahao Quarterly Influential Creator, he has won many awards, including the 2013 Sohu Best Industry Media Person, the 2015 China New Media Entrepreneurship Competition Beijing Third Place, the 2015 Guangmang Experience Award, the 2015 China New Media Entrepreneurship Competition Finals Third Place, and the 2018 Baidu Dynamic Annual Powerful Celebrity.