Minglida established a factory in Guadalajara, the second largest city in Mexico

Minglida plans to set up a new factory in Nuevo León, Mexico, to produce new energy vehicles and photovoltaic energy storage structural parts. The total investment in the factory is US$6.07 million, of which the Hong Kong subsidiary will invest US$6.0093 million and the Hungarian subsidiary will invest US$60,700. At the same time, Minglida has established two factories in Guadalajara, Mexico's second largest city, focusing on the manufacture of injection molding parts and new energy vehicle battery trays. The establishment of these factories will help meet the needs of overseas customers, open up overseas markets, optimize the company's overseas industrial layout, reduce the comprehensive production costs of products, and enhance the company's overall competitiveness.