CF MOTO Inaugurates Production Facility in Monterrey
With an investment of $46 million US dollars, the Chinese-based company CF MOTO celebrated a ribbon-cutting ceremony today for their facility at the VYNMSA Apodaca Industrial Park. The initial phase of operations will be dedicated to producing UTVs (Utility Task Vehicles), with plans to expand production to include off-road vehicles in subsequent phases. The company aims to produce over 100,000 units annually, generating more than 500 new jobs in Monterrey.
The main objectives of this investment are to meet market demand, expand production capacity, ensure efficient delivery, optimize costs, and penetrate Latin American markets.
The event was led by Minjie Lai, the Director and General Manager at CF Moto, alongside other company executives and esteemed state and municipal authorities, including Ivan Rivas, Secretary of Economy for the state of Nuevo Leon, Margarita Alcantara, General Director for Global Investments at the Secretary of Foreign Affairs in Mexico, and the local mayor of Apodaca, Cesar Garza Villarreal.
Rivas expressed his enthusiasm, stating, “The influx of investment projects into the state, with one project per week, is propelling us to record levels of foreign investment. CF Moto’s decision to invest in Nuevo Leon marks a significant milestone in the state.”
CF Moto is a Chinese-based power sports vehicle company founded in 1989. It develops, manufactures, and distributes motorcycles, all-terrain vehicles, powersports, engines, gears, among other components. Their products are distributed through more than 3000 dealers, in more than 60 countries. Since its inception, CF Moto has inaugurated three branches in Europe, one in the United States, one in Thailand, and one in Monterrey, Mexico.
Monterrey reaffirms its commitment to remaining an attractive destination for both national and international companies seeking to expand their operations in Mexico. With its robust economic foundation, favorable business climate, and unwavering focus on innovation, Monterrey solidifies its position as a global benchmark in the nearshoring landscape.