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News
Olinia Cargo EV Unveiling / ERA Publishing House Closure
1+ hour, 10+ min ago (406+ words) Mexico Business News Join our expert contributor program Olinia Cargo EV Unveiling. President Claudia Sheinbaum presented the Olinia Cargo EV, which features a range exceeding 120km and a payload capacity of 650kg. The vehicle is scheduled to enter the commercial market by…...
Record Mexican EV Sales Contrast 57% Slump in Domestic Production
2+ day, 23+ hour ago (457+ words) Mexico’s automotive sector is undergoing a stark divergence in its transition toward electrification. While domestic demand for electrified vehicles surged to record levels during the first seven months of 2026, driven by a wave of Asian imports and competitive pricing, local…...
USMCA Delays Impact Auto Sector: The Week in Automotive
6+ day, 19+ hour ago (383+ words) In this week’s automotive news, USMCA uncertainty deepens as House Republicans back delaying treaty extension. Meanwhile, Mexico’s auto industry shows strong momentum, driven by surging heavy truck exports, a 10% jump in auto parts output, and Kia’s record production. Additionally, Samsung…...
CFE Calificados Signs PPA for CIP's La Esperanza Solar
1+ week, 1+ day ago (401+ words) Mexico Business News Join our expert contributor program CFE Calificados signed a long-term coverage contract for Denmark-based Copenhagen Infrastructure Partners’ (CIP) La Esperanza Solar project in Campeche. The project, slated to start commercial operation by 2028, is expected to deliver 420MW of…...
Samsung SDI Buys GM’s Stake in Indiana Battery Venture
1+ week, 1+ day ago (420+ words) South Korean battery manufacturer Samsung SDI is ending its battery manufacturing joint venture with General Motors and taking sole ownership of the project's US$3.5 billion plant in New Carlisle, Indiana, citing weaker-than-expected demand for electric vehicles. Under the agreement, Samsung…...
Multiva Targets MX$250 Billion Energy, Infrastructure Pipeline
1+ week, 2+ day ago (246+ words) "The bank is going to grow significantly, primarily in two sectors: in energy and in infrastructure," Caballero said. She noted that the fresh capital enables Multiva to underwrite complete debt facilities, act as lead structurer, and syndicate senior loan facilities…...
Tramontina Opens Third Mexico Showroom in Interlomas
1+ week, 2+ day ago (624+ words) Mexico Business News Join our expert contributor program Brazil-based cookware manufacturer Tramontina inaugurated a 480m² experience showroom in Interlomas, State of Mexico, marking its third experience center in the country and supporting its more than MX$500 million (US$29 million) 2025–2027 investment plan....
OCN, Finsus Partner to Finance Vehicles for Gig Workers in Mexico
1+ week, 2+ day ago (586+ words) Mexico Business News Join our expert contributor program Finsus and OCN have launched a strategic partnership combining popular financial society (SOFIPO) banking services with rent-to-own vehicle leasing for gig economy workers in Mexico. By leveraging alternative transactional data from ride-hailing…...
Kia EV3 Launch Puts Mexico Plant on Track for Record 300K
1+ week, 3+ day ago (430+ words) The production threshold follows the Aug. 4 launch of the all-electric EV3 compact SUV. Despite holding an annual installed capacity of 400,000 units, the manufacturing plant has never operated at full capacity since opening a decade ago. The assembly plant recorded a output…...
Nissan Expands Sustainability Efforts Across Mexico
1+ week, 5+ day ago (588+ words) The reforestation campaign forms part of Nissan's global sustainability strategy and is designed to restore forest ecosystems, capture carbon and recover environmental services that benefit local communities. The initiative has an estimated carbon capture potential of 1,100t of CO₂ over the lifetime…...