# Ningbo Tuopu Group to invest $700 million in Mexico plant expansion

Ningbo Tuopu Group will invest $700 million to expand its plant in Salinas Victoria, Nuevo León, Mexico, creating 10,000 jobs and including a technology laboratory.

- Type: Expansion
- Announced: 2023-10-18
- Where: Salinas Victoria, Nuevo León, Mexico
- Value: $700.0M
- Jobs: 10,000
- Status: announced
- Products: automotive chassis systems, equipment systems, intelligent driving systems
- Sectors: [Automotive Components](https://endata.com/sectors/automotive-components.md)

## Companies

- [Ningbo Tuopu](https://endata.com/companies/25321.md)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/chinese-auto-parts-company-tuopu-will-invest-700-million-in-mexico-1310977.htm), 2023-10-18: "Tuopu will need a 40-hectare property for its new facilities where it will generate 10,000 jobs."

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