Tesla supplier Hota to build first US factory in New Mexico
Taiwanese auto components maker Hota Industrial Mfg. Co will invest $99 million in its first plant outside of Asia in New Mexico, citing regional production and proximity to North American customers as key factors. The company, which supplies Tesla, GM, and Ford, plans to begin construction on the factory in early 2022 and start mass production in 2025. The move comes as the US-China trade war and the COVID-19 pandemic have changed supply chains, leading to a greater emphasis on regional production. The state of New Mexico will provide $3 million in funding for the project.
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Frequently Asked Questions (FAQ)
Q: What is the name of the Tesla supplier that is building a factory in New Mexico?
A: The Tesla supplier that is building a factory in New Mexico is Hota Industrial Manufacturing.
Q: How much is Hota Industrial Manufacturing investing in the facility?
A: Hota Industrial Manufacturing is investing $72 million in the facility.
Q: Where in New Mexico is the factory being established?
A: The factory is being established in Santa Teresa, New Mexico.
Q: When was the news about Hota Industrial Manufacturing's investment announced?
A: The news about Hota Industrial Manufacturing's investment was announced on July 5, 2023.
Q: How far is the factory from the Santa Teresa port of entry?
A: The factory is about 6 miles from the Santa Teresa port of entry.
Q: How many jobs will be created by the new factory?
A: The new factory is expected to create 350 jobs.
Q: Which other automotive supplier has established a presence in New Mexico?
A: BorgWarner, another automotive supplier, has also established a presence in New Mexico.
Q: What types of automotive components does Hota Industrial Manufacturing produce?
A: Hota Industrial Manufacturing produces automotive gears.
Q: Where is Hota Industrial Manufacturing headquartered?
A: Hota Industrial Manufacturing is headquartered in Taiwan.
Q: Is there any additional information about Hota Industrial Manufacturing?
A: For more information about Hota Industrial Manufacturing, you can visit their LinkedIn page: Partsimony | LinkedIn.