Chinese truck manufacturer Foton to open US $40M factory in Jalisco

hace 3 días 12

Foton, a Chinese shaper of trucks and pickups, announced plans to put 1.2 cardinal pesos to unfastened a caller works successful Jalisco and grow its 2 existing plants successful different areas of Mexico, according to Fton México CEO José Francisco Chávez.

Chávez said the caller works volition necessitate an concern of 40 cardinal dollars. The remaining funds volition beryllium allocated to the enlargement of Foton’s works successful Lagos de Moreno, besides successful Jalisco, and different installation successful the bluish authorities of Nuevo León.

The caller factory, which is expected to commencement operations successful January 2026, volition beryllium located successful the municipality of Tlajomulco de Zúñiga, southbound of Guadalajara, and volition absorption connected the accumulation of Tunland pickup trucks.

Foton’s spouse LDR Solutions said that erstwhile completed, the works volition employment 115 radical and volition nutrient 1,000 pick-up models per month. Some of the pick-ups volition diagnostic gasoline motors, immoderate volition beryllium built with diesel engines and others volition beryllium hybrid vehicles.

Chávez said tariffs haven’t hindered Foton’s enlargement plans successful Mexico. While Foton’s tractor-trailers, cargo trucks, vans, pickups and buses, are assembled from imported car parts and components from China, the institution plans to merchantability its products nether the Made successful Mexico program.

To carnivore the Made successful Mexico seal issued by the Economy Ministry, products indispensable beryllium 100% assembled successful Mexico careless of the root of their inputs.

A Foton motortruck  with a banner speechmaking  Hecho en MexicoFoton’s Mexico-made trucks volition comply with the requirements of the Made successful Mexico certification. Pictured: Foton presents a certified exemplary astatine the Expo Transporte successful Guadalajara earlier this month. (Foton México/Facebook)

However, successful collaboration with LDR Solutions, Foton is looking to execute accumulation utilizing betwixt 60% and 70% of section inputs wherever it “makes sense.”

“Our program with this 3rd works is to execute betwixt 60% and 70% of section integration, processing nationalist suppliers. Naturally, we volition nationalize the parts that marque consciousness to nationalize,” Chávez noted.

Foton Motor, headquartered successful Beijing with assets exceeding 50 cardinal Yuan (US $6.9 billion) and 300,000 employees, saw a double-digit maturation successful income successful Mexico according to information from the National Institute of Statistics and Geography (INEGI).

In its report, INEGI revealed that the institution recorded a singular year-on-year summation of 73.6% betwixt January and October this year, resulting successful 1,184 units sold.

With reports from El Economista

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