# Ningbo Xusheng Group to invest $276M in five foreign subsidiaries and Mexico factory

Ningbo Xusheng Group is investing $276 million to set up five new subsidiaries in Hong Kong, the US, and Mexico, and to support construction of a new factory in Mexico to expand North American operations.

- Type: Investment
- Announced: 2023-04-06
- Where: Mexico, Mexico
- Value: $276.0M
- Status: announced
- Products: precision aluminium alloy components for cars
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Ningbo Xusheng Group](https://endata.com/companies/69610.md)

## Sources

- [investmentmonitor.ai](https://www.investmentmonitor.ai/news/chinas-xusheng-to-establish-five-foreign-subsidiaries/), 2023-04-06: "Xusheng has announced a number of new subsidiaries, with North America a key target for the company."

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