Chinese automaker Jetour announced it will build a $3 billion automotive plant in Mexico by the end of 2024, with the aim of manufacturing electric and gasoline-powered cars for the North American market.
As part of its investment in Mexico, Jetour is partnering with LDR Solutions Co., a conglomerate of Chinese automotive companies doing business in the country. Both Jetour and LDR Solutions are owned by the Chinese government.
“The plan is for the plant to produce combustion cars for South...