Yongmaotai Automotive Technology

Yongmaotai Automotive Technology announced a US$63 million investment to build a new plant in Coahuila, Mexico, to supply aluminum automotive components to clients including General Motors and Volkswagen.

Yongmaotai Automotive Technology plans to invest CNY450 million (USD63 million) to build a new factory in Mexico to mitigate the impact of shifting global trade policies on its European and US customers' supply chains. The factory will likely take two years to build.