# POSCO International to build $43.6M EV motor core plant in Mexico

POSCO International Corp. announced a $43.6 million plant in Ramos Arizpe, Coahuila, Mexico, to manufacture EV motor cores, with construction starting June 2022 and completion in H2 2023.

- Type: New facility
- Announced: 2022-01-12
- Where: Ramos Arizpe, Coahuila, Mexico
- Value: $43.6M
- Starts operating: Q3 2023
- Status: announced
- Capacity: 300,000 units per year initially, rising to 1.5 million by 2030
- Products: EV motor cores
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [POSCO International](https://endata.com/companies/44533.md)

## Sources

- [mexicobusiness.news](https://mexicobusiness.news/automotive/news/posco-build-ev-motor-plant-mexico), 2022-01-12: "We decided to make this investment to target North America, the largest market for electric vehicles, and strategically prepare for the US government's green mobility policy."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.