# Hota Industrial to build first US factory in New Mexico

Tesla supplier Hota Industrial Mfg. Co will invest $99 million to build its first plant outside Asia in Santa Teresa, New Mexico. Construction is expected to begin in early 2024.

- Type: New facility
- Announced: 2023-09-20
- Where: Santa Teresa, New Mexico, United States
- Value: $99.0M
- Status: announced
- Products: gears, auto components
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Hota Industrial Mfg. Co., Ltd.](https://endata.com/companies/29550.md)

## Sources

- [reuters.com](https://www.reuters.com/business/autos-transportation/tesla-supplier-hota-build-first-us-factory-new-mexico-2023-09-20/), 2023-09-20: "Hota, which makes gears and other auto components primarily in Taiwan, said it would begin construction on the factory in Santa Teresa."

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