Chinese cars becoming popular in Mexico
BUSINESS
By Chen Shi

2017-05-23 18:38 GMT+8

Chinese cars are increasingly popular on the streets of Mexico. The cars' low prices and aerodynamic designs are among the reasons why the vehicles are appealing to the country. Experts say the Mexican public also finds the cars to be technologically attractive.

In March, JAC Motors partnered with Giant Motors, backed by Mexican businessman Carlos Slim, in a joint venture worth 215 million US dollars. A JAC plant now operates in Hidalgo state's Ciudad Sahagun, which lies 65 kilometers northeast of Mexico City.

According to Omar Fayad, Hidalgo governor, the plant managed to bring over 1,000 direct jobs and 4,000 indirect jobs to the area.

In January, more than 2,000 Chinese vehicles entered Mexico. Dealerships said sales have been significant in the last 18 months.

Meanwhile, China's BAIC Motor Corporation hopes to sell 4,000 cars a year by giving five-year warranties, above the industry average of three. Great Wall Motors, another Chinese automaker, has told Nuevo Leon and San Luis Potosi state governments about their interest in setting-up an assembly plant to expand business in the region.

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