Taiwanese company to open manufacturing plant in southern New Mexico
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ALBUQUERQUE, N.M. – A Taiwanese auto parts supplier is set to open up a manufacturing plant in southern New Mexico.
The announcement came during the Gov. Michelle Lujan Grisham’s trade mission trip to Taiwan.
The company Hota Industrial Manufacturing makes power trains for electric vehicles, including Tesla. They plan to set up shop in Santa Teresa along the border in Doña Ana County – a location the governor said Hota was very interested in.
“Companies in Taiwan, they are out of land in large parts disposable and available to make these large manufacturing plants. So that makes New Mexico a prime location because we have affordable property, and we have a manufacturing tax credit,” Lujan Grisham said.
Once built, Hota plans to hire about 350 employees. In turn, the state is awarding Hota $3 million to assist with land, building, and infrastructure costs.
I was honored to meet up with NM's foreign trade representative Ethan Chen at our Taiwan Trade Bureau. Our office doors are open for business in Taipei! pic.twitter.com/7pQna6DLqh— Governor Michelle Lujan Grisham (@GovMLG) September 20, 2023