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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
With many international corporations counting on the introduction of additional fleets into the nation, Mexico is one of the nations leading the sales of automobiles with the new technology.
As many automakers make a significant switch to producing electric vehicles, the multibillion-dollar North American automotive industry, which comprises one of the main components of the U.S.-Mexico trade, might drastically change.
The Mexico EV Components Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
The new plant's groundbreaking was celebrated by LG Magna e-Powertrain, a joint venture (JV) between LG Electronics (LG) and Magna International Inc. (Magna) in Ramos Arizpe, Mexico.
To assist the production of General Motors' electric vehicles (EVs), the new plant will manufacture inverters, motors, and on-board chargers. The new facility, which will be the first production hub for LG Magna e-Powertrain in North America, is anticipated to generate a large number of new jobs.
The new facility's first and foremost client is General Motors, which will be essential in GM's efforts to develop a robust, scalable, sustainable, and North American-focused EV supply chain.
Nemak established a global organisation specifically for these enterprises as part of a plan to sell parts for electric vehicles and position itself in the structural parts market.
Nemak decided to refocus their business plan as a result of the subsequent changes in the dynamics of the global automotive industry, which tend to raise demand for hybrid and electric vehicles and lighten them.
At its assembly factory in Cuautitlan, located north of Mexico City, Ford Motor Co. just started building the Mustang Mach-E. Ford's first all-electric crossover is called the Mach-E.
Additionally, Ford said that the Cuautitlan facility will produce two more midsize electric crossovers, one of which will be a Ford and the other a Lincoln (Ford's luxury car line).
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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