# Kostal begins construction of fourth plant in Querétaro, Mexico

Kostal Group began construction of its fourth plant in Mexico, in Querétaro, investing over 2,097 million pesos (approx. $105 million) to build a power electronics plant for electric vehicles, creating 750 jobs. Phase one will be completed in 2023.

- Type: New facility
- Announced: 2022-12-05
- Where: Querétaro, Mexico
- Value: $105.0M (2.10B MXN)
- Jobs: 750
- Starts operating: 2023
- Status: under construction
- Products: power electronics components, on-board chargers
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [KOSTAL Group](https://endata.com/companies/19113.md)

## Sources

- [promexicoindustry.com](https://www.promexicoindustry.com/en/article/kostal-begins-the-construction-of-its-fourth-plant-in-mexico-in-quertaro), 2022-12-05: "Grupo Kostal, the multinational company of German origin in the automotive sector, laid the first stone of its fourth plant in the country in Querétaro, in which it invests more than 2,097 million pesos and will generate 750 new jobs."

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