GEB Brings $165 Million Investment to San Luis Potosí’s Booming Automotive Sector

Chinese firm Shandong Golden Empire Precision Machinery Technology Co. (GEB), specializing in high technology, is set to enter San Luis Potosí with a $165 million investment.

GEB, which focuses on producing equipment and accessories for the automotive industry, urban rail systems, robotics, wind turbines, and the aerospace sector, will establish a plant in the Logistik III Park located in Villa de Reyes.

According to Jesús Salvador González Martínez, head of the Economic Development Secretariat (SEDECO) of San Luis Potosí, GEB’s arrival will contribute to the industrial and technological development of the state.

This investment, he added, is part of a total of ten Chinese capital initiatives completed between 2023 and September 2024, totaling $1.17 billion.

Among the companies that have chosen to set up in San Luis Potosí are Himile Mechanical Science and Technology Co., Shanghai Unison Aluminum Products (Unisonal), XCC Xinlong Automotive Parts, JINMA Industrial Group, Asiaway Automotive Components México, Fabcast Solutions, CSMET Group, TSP Group China, and another specializing in measurement instruments.

In addition to these companies, six more Chinese firms, primarily in the automotive and manufacturing industries, are expected to arrive in the short to medium term.

San Luis Potosí’s strategic location in the heart of the country, along with the consolidation of its automotive cluster comprising over 300 companies, has been key in attracting investment.