Nov 26 (Reuters) - President-elect Donald Trump on
Monday pledged tariffs on the United States' three largest
trading partners - Canada, Mexico and China - detailing how he
will implement campaign promises that could trigger trade wars.
Here are companies with a manufacturing presence in Mexico.
ASIAN AUTOMAKERS
Honda Motor sends 80% of its production in Mexico to
the U.S. market and its chief operating officer Shinji Aoyama
warned earlier this month if the U.S. were to impose permanent
tariffs on vehicles imported from Mexico, it would have to think
about shifting production.
Nissan Motor ( NSANF ) has two plants in Mexico where it
makes the Sentra, Versa and Kicks models for the U.S. market. It
produced nearly 505,000 vehicles in Mexico in the first nine
months of this year. The company does not disclose how many of
those were exported to the U.S. market.
Toyota Motor ( TM ) has a smaller footprint in Mexico,
making its Tacoma pick-up truck at two plants there.
It sold more than 230,000 of the Tacoma in the U.S. last
year, representing about 10% of its total sales in that market.
Toyota ( TM ) used to produce the Tacoma in the U.S., but now ships all
of them from Mexico, where the vehicle is the only model it
makes in its plants. Most of the production there is for exports
to the U.S.
Mazda ( MZDAF ) exported around 120,000 vehicles from Mexico
to the United States last year.
Mazda ( MZDAF ) President Masahiro Moro said earlier this month the
tariff issue is "not a problem that can be solved by individual
companies," and it would carefully examine the details before
deciding its response.
South Korea's Kia Corp ( KIMTF ) has a factory in Mexico
that makes its own vehicles and a small number of Santa Fe SUVs
for its affiliate Hyundai Motor ( HYMTF ) for U.S. exports.
TESLA SUPPLIERS
Tesla encouraged its Chinese suppliers to set up
plants in Mexico in 2023 to mainly supply to the U.S.
automaker's planned Gigafactory in Mexico.
Tesla originally planned to start production in Mexico in
early 2025 but has largely walked away from that goal and
shifted to an expansion plan with its Texas plant.
CHINESE AUTOMAKERS AND SUPPLIERS
Some Chinese car component makers such as seat maker Yanfeng
Automotive Interiors have been producing in Mexico for years to
supply to automakers including General Motors ( GM ) and Toyota ( TM ),
which had relocated their capacity to Mexico for lower costs.
Chinese top EV maker BYD has been scouting for
locations to build a plant in Mexico but has said repeatedly
that the factory will serve the domestic market and not produce
cars to be sold in the U.S.
JAC Motors has since 2017 had a joint venture in
Mexico with Giant Motors to assemble JAC brand vehicles.
SAIC-owned MG in August announced plans to build a
plant in the country.
FOXCONN
The world's biggest electronics contract manufacturer Foxconn
is building a giant artificial intelligence server
factory in collaboration with Nvidia ( NVDA ) in Mexico. It
plans to start production early next year, making a
liquid-cooled server containing Nvidia's ( NVDA ) new and powerful
Blackwell family of AI chips.
LENOVO ( LNVGF )
Chinese computer maker Lenovo ( LNVGF ) has a massive
production site in Monterrey that it expanded in 2021. It
manufactures servers and other data center products there and
the company said in 2021 that all of its data center products
for the North American market are produced in Monterrey.
LG ELECTRONICS
South Korea's LG Electronics makes TVs, home
appliances and electric vehicle parts in its Mexico production
sites.
It said on Tuesday it is reviewing various possibilities
including changes in trade policies.