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BMW invests one billion U.S. dollars to set up factories in Mexico
2017-05-16

Mexico's "Economist" reported on July 4, BMW confirmed the investment in San Luis Potosi Mexico 1 billion US dollars to build an assembly plant, the plant output will account for 10% of BMW's global output, mainly for the US market. BMW said that the choice of Mexico to build assembly plants, mainly value the North American Free Trade Agreement, Mexico and the EU, South America and the free trade agreement between the signing of the Asia-Pacific Free Trade Agreement and the Mexican have a decent labor force and lower production costs . In 1994, BMW set up a sales company in Mexico. In 2013, it sold 13992 cars and 2,064 motorcycles in Mexico. It is estimated that by 2019, the company will invest 2.2 billion U.S. dollars in the North American Free Trade Area. In addition to building a factory in Mexico, it will set up an assembly plant in the United States with a production capacity of 450,000 vehicles in 2016

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