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Can Mexico capitalize on US automakers’ pivot to electric vehicles? Mexico could become even bigger player in global automotive manufacturing industry 7 minutes read As U.S. automakers pivot into the electric, autonomous vehicle era, cross-border operators say Mexico is more than ready to seize the moment. (Photo: GM Mexico) The multibillion-dollar North American automotive sector, which includes one of the largest components of U.S.-Mexico trade, could dramatically change as many automakers make a substantial shift to manufacturing electric vehicles. On April 30, General Motors (NYSE: GM) became the first U.S. automaker to announce it would build electric vehicles in Mexico. GM said it would invest $1 billion in its factory in Ramos Arizpe to produce electric cars. ....
Though well behind Mexico, China ranks second for international trade at the three largest United States-Mexico border crossings in Texas: Laredo, El Paso and Pharr. Its status on the border is buoyed by imports of auto parts, cellphones, electrical circuit boards and other goods, say public officials and industry experts. Teclo Garcia, Laredo’s economic development . ....
Share: Though well behind Mexico, China ranks second for international trade at the three largest United States-Mexico border crossings in Texas: Laredo, El Paso and Pharr. Its status on the border is buoyed by imports of auto parts, cellphones, electrical circuit boards and other goods, say public officials and industry experts. Teclo Garcia, Laredo s economic development director, said cellphones were the top imports from China through Port Laredo during 2020. We had $1.16 billion in total trade with China last year, and cellphones and related equipment were by far the biggest category at 26% ($305 million), Garcia said. Textiles was No. 2 with 9.3% ($108 million), and then computers were No. 3 at 7.2% ( $82.8 million). ....
‘Just so big’: China’s outsize role in trade at Texas border crossings China ranked second behind Mexico in total international trade at Laredo, El Paso and Pharr 0 89 4 minutes read China is the second-largest international trading partner for the three largest land border crossings in the Lone Star State totaling about $2 billion in trade in 2020. (Photo: FreightWaves staff) Though well behind Mexico, China ranks second for international trade at the three largest United States-Mexico border crossings in Texas: Laredo, El Paso and Pharr. Its status on the border is buoyed by imports of auto parts, cellphones, electrical circuit boards and other goods, say public officials and industry experts. ....