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Taiwanese Automotive-Parts Manufacturer Hota to Set Up Shop in New Mexico

July 13, 2023

Per Automotive Logistics, Hota Industrial Manufacturing, a manufacturer of internal combustion-engine (ICE) and electric-vehicle (EV) powertrain components for North American and European OEMs, including Tesla, announced plans to begin building a facility on a 30-acre site in New Mexico’s Santa Teresa Borderplex industrial park some time in 2024. Hota also plans to hire 350 employees and is set to invest $72m in New Mexico with future potential expansions over the coming decade. 

“The Santa Teresa Port of Entry is a primary crossing between the U.S. and Mexico,” the article says, “and is the first land port without a bridge structure from the east. It serves a critical function for the El Paso and Ciudad Juarez industrial regions as the only port not limited by space or weight. 

“Having close proximity to Mexico is particularly advantageous,” the article continues, “as carmakers based in Mexico increased both production and exports last year. Between January and June this year, 1.9m light vehicles were produced in Mexico and 1.6m were exported, up 11.1 percent compared to the same period in 2022, according to the National Institute of Statistics and Geography.”

The expansion is pending a final agreement with the state for incentives, including the High Wage Jobs Tax Credit, the Manufacturers Investment Tax Credit and job-creation grants from the Local Economic Development Act for land, buildings and infrastructure.

Technologies: Management


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