LemTech is a multinational company that provides full-service solutions for various industries, specializing in metal stamping and precision press tool supplies.
LemTech has announced its plans to invest US$5 million to build a new manufacturing site in Queretaro, Mexico. The investment aims to cater to emerging opportunities in the electric vehicle industry.
LemTech has established itself as one of the leading metal stamping specialists and precision press tool suppliers in the region. Its innovative solutions have helped the company grow from strength to strength over the years.
Electric Vehicle Industry in Mexico
Mexico is one of the leading countries in the production of electric vehicles in Latin America. According to a report by Frost & Sullivan, the Mexican electric vehicle market is expected to reach 43,000 units by 2025. LemTech’s investment in Mexico for electric vehicle manufacturing will have several benefits, including Job creation, Economic growth, and Sustainable transportation.
LemTech’s investment in Mexico for electric vehicle manufacturing is a positive development for the country’s economy and the environment. It will create job opportunities, contribute to economic growth, and promote sustainable transportation.