Nissan Motor will invest over $700 million in Mexico during the next three years to increase its operations in the country, the automaker said on Wednesday.
The investment will enhance the facilities, equipment and automation procedures in the automaker’s facility in the state of Aguascalientes.
“Mexico plays an important role in Nissan’s global operations, both as one of the main markets for vehicle sales, and as an export hub for dozens of markets around the world,” said Jeremie Papin, Chairperson of Nissan Americas.
The automaker led sales and production in Mexico last year with a total of 203,918 units delivered to Mexicans.
Mexico is a suitable location for many automakers as it offers access to the US market with lower associated costs, and also competitive access to other parts of Latin America.