Taiwanese auto-parts maker Hota invests $99 million in New Mexico, US, plant; cites proximity to North America
The company benefits from the US Inflation Reduction Act and diversifies its production base with investment in New Mexico
Hota Industrial Mfg. Co. (Hota), a Taiwanese company that produces auto parts for major carmakers such as Tesla, Ford and General Motors, has announced a $99 million investment in a plant in New Mexico, US, its first outside of Asia, according to a Reuters report on Nov. 28.
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