Nuevo León Expects over 100 Companies to Invest in Electromobility

Iván Rivas, Secretary of Economy of the government of Nuevo León, Mexico, said that this year there are projects of more than 100 companies interested in investing in the state, with an approximate investment of 10 billion dollars.

He detailed that these are automotive, electromobility and information technology companies from the United States, China and the rest of the world.

“We expect a great year as previous years have been,” said the official during the inauguration of the expansion of the Kuka Home Mexico plant at the Interpuerto Monterrey.

Related content: Tax incentives approved to promote electromobility in Nuevo León

“This announcement (of Kuka’s expansion) that we made in 2022 in less than 20 months was transformed into an idea in more than 1,000 jobs, 1,000 jobs now to reach more than 2,500 by the end of the year, and they say they are going to reach up to 5,000jobs,” he added.

The event was also attended by Governor Samuel García Sepúlveda, who commented that Kuka Home invested US$150 million in the expansion of the plant, which will generate, in the first instance, 1,000 jobs.

Photo: Tecnológico de Monterrey

Incentives in the State

The Governor of Nuevo Leon, Samuel Garcia, recently announced that the State will continue to grow economically and capture the “nearshoring” of the country, by formalizing before the Ministry of Economy key incentives to promote electromobility.

After the meeting with the head of the federal agency, Raquel Buenrostro Sanchez, the Regional Governor announced incentives of zero VAT, zero ISR, discounts on ISN, property tax, fast and digital procedures for investors who decide to have a development plan in Nuevo Leon.

The governor informed that they will inaugurate the La Gloria – Colombia Highway, direct from Monterrey to Laredo, Texas, and with it they will lower the VAT by half, the ISR, taxes and many other factors so that the municipality continues to grow and nearshoring is promoted.

Latam Mobility arrives in Monterrey

Latam Mobility, Latin America’s largest sustainable mobility community, will arrive in Monterrey on February 8 with the “North America Mobility and Net Zero Summit 2024”.

The meeting will bring together industry leaders, major automotive manufacturers and prominent representatives from the public sector, who will offer perspectives and projects on sustainable mobility in Mexico and the region.

Participation and ticket information here

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