Mitsubishi Electric Corp. announced that it has registered a new subsidiary in Mexico in early March 2013, Mitsubishi Electric Automotive de Mexico (SA de CV), further expanding its presence in the Americas. Automotive equipment business. The new company is located in Queretaro, Mexico and covers an area of ​​150,000 square meters, of which the building area is 22,000 square meters. Mitsubishi Electric and Mitsubishi Electric Automotive Americas hold 95% of the new company and 5% of the new company respectively. Shares. The new company plans to start operations in October 2014 and will be responsible for the production and sales of automotive equipment such as generators and starter motors. The company's annual sales are expected to reach 30 billion yen by 2017, when the total number of employees will also be Nearly 600 people. Mitsubishi Electric stated that with the recovery of the US auto market and the steady growth in the sales of automobiles in Latin America, the newly established Mexican subsidiary will establish an automotive equipment supply system in the country, increase its price competitiveness and achieve an efficient operating structure, expanding. Scale of business throughout the Americas.
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