The Context
Chinese FDI into Mexico fell to $320 million in 2024, down from $540 million the year prior, yet Zoomlion’s Aguascalientes plant opens anyway — the second China-origin agricultural equipment facility in the Bajío region in six months. Industrial equipment makers are threading the tariff needle: assemble close to end markets, train local technicians, and sidestep the Section 301 exposure that sank peer investments.
The Takeaway
Watch for more China-origin capital in ag-tech and industrial equipment to land in the Bajío corridor, not the border metros. CFOs at Latin America–focused distributors or import-dependent ag suppliers should map which Chinese OEMs are building Mexico assembly capacity now — those relationships may be the only hedge if Section 301 tariffs expand to finished goods. If your supply chain still runs Shanghai-to-LA, Zoomlion just showed you the alternate route.
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Source: Mexicobusiness