According to statistics, as of now, Minglida's total investment in Mexico and Hungary has approached US$200 million, equivalent to nearly RMB 1.45 billion, marking the preliminary completion of its “dual hub” strategic layout targeting North America and Europe. The 2024 annual report indicates that Minglida's automotive segment achieved operating revenue of RMB 1.434 billion in 2024, representing a year-on-year increase of 20.67%. Its revenue share rose to 56.06%, surpassing photovoltaic and energy storage businesses for the first time to become the new growth pillar. In the first quarter of 2025, Minglida achieved operating revenue of RMB 655 million, a year-on-year increase of 17.99%, demonstrating steady and orderly operational progress with sustained momentum for development.

▲Minglida Manufacturing Facility in Mexico

Facing the global restructuring of the new energy industry chain and the escalating demand for localized customer solutions, Minglida has positioned itself as a trailblazer by executing a strategic expansion in Mexico. Through acquisitions and additional investments exceeding $40 million USD, the company has secured two phases of factory space totaling 23,500 square meters to establish its new energy structural components production line. Starting in 2023, the company plans to invest an additional $99.95 million. The project will occupy 200 mu (approximately 13.3 hectares) of land with a construction area of about 100,000 square meters. This will establish an aluminum extrusion production base, creating integrated production capacity covering die casting, injection molding, and profile deep processing. In the future, it will comprehensively serve North American new energy vehicle and photovoltaic energy storage customers, significantly reducing logistics and tariff costs while strengthening the resilience of the local supply chain.

▲Mexico Minglida Production Line

Under the framework of the United States-Mexico-Canada Agreement (USMCA), the Minglida team in Mexico confronted multiple challenges including policy adaptation, supply chain localization, and cross-cultural collaboration. From management's repeated transoceanic site visits to the technical team's round-the-clock equipment debugging and process optimization, and production staff overcoming language barriers to ensure ramp-up capacity, every step embodies the wisdom and hard work of Minglida employees. During project execution, the team completed factory leasing and production line setup in just a few months. Delivering on commitments to North American key clients like Stellantis with “China speed,” they earned high market recognition.

▲Mexico Minglida Factory

Looking ahead, the Mexico facility will continue to integrate mature domestic manufacturing technologies and management systems while deepening local innovation capabilities, positioning itself as Minglida's core hub for expanding into the North American market. As collaborations with top global automotive clients intensify, Minglida Mexico will operate with heightened efficiency and resilience, partnering with global stakeholders to pioneer new opportunities within the global value chain and share in collective growth prospects.

Minglida people measure the world with their footsteps, build trust with their sweat, and navigate the waves of global industrial transformation with their efforts. Let “Minglida of the World” become an innovative force that unites diverse collaborations and drives industry progress across the global landscape.