San Luis Potosi was among the entities with the highest number of automotive investments in Mexico, according to data from the Automotive Directory.
In this sense, at the national level, the automotive investment accumulated a total of 4 thousand 658.37 million dollars (mdd) during the first quarter of 2024.
However, this figure reflected a decrease in 37.1% compared with the same period of the previous year. This figure would have represented historical figures in investment.
San Luis Potosí, top 5 in automotive investment in Mexico
According to the data, San Luis Potosí was ranked fourth nationally in this area. The states of the country that accumulated the larger amounts of investment in the first quarter of 2024 were:
- Coahuila: 1 billion 403.4 million dollars
- Puebla: 942.0 million dollars
- New Lion: 443.0 million dollars
- San Luis Potosi: $437 million
- Guanajuato: 393.0 million dollars
Automotive sector in perspective
In this period, the automotive industry demonstrated its attractiveness with 51 investments coming from eleven different countries.
Furthermore, they generated more than 17 thousand new jobs and promoted the construction or remodeling of at least 272 hectares of industrial land in the country:
- New developments: 78.4% of total investment
- Expansions or modernizations of existing plants: 19.6%
Likewise, a 2% of the investments were allocated to retooling of assembly plants, preparing to launch new models in the national market.
Where does automotive investment come from?
Regarding the origin of these investments, the first quarter of 2024 shows an interesting change in global dynamics. China, Germany and Mexico They led the investments, each with 17.6% of the total.
Finally, Japan remained in fourth place with 13.7%, while, for the first time, USA fell to fifth place with only 7.8%, a figure that places it on par with South Korea.
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