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Top related persons:
Sarah Wu - 2 Holly Sheng - 1 Ann Wang - 1 Sheng - 1 Hota - 1 Tesla - 1 Anne Marie Roantree - 1 Sam Holmes - 1
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Taiwan China New Mexico Asia United States Mexico U.S American
Top related orgs:
Thomson - 2 REUTERS - 1 Rights - 1 Mfg - 1 Ford Motor - 1 General Motors - 1 Hota - 1 DETROIT - 1

Search resuls for: "Hota's"


2 mentions found


☆ Taiwanese Tesla supplier Hota retools supply chain with first US factory
  + stars: | 2023-11-28 | by ( Sarah Wu | Thomson Reuters | Sarah Wu Is A Taiwan Correspondent Based In Taipei | ) www.reuters.com   time to read: +4 min
[1/7] Hota's CEO Holly Sheng poses for a photo in their factory in Taichung, Taiwan November 13, 2023. The crates of shafts and gears at the factory contain some of the more than 20 million parts Hota produces each year. Hota's factory will be near Texas, home to Tesla's headquarters, and Mexico, where Tesla plans to build a gigafactory. Most Taiwanese manufacturers seeking a North American foothold choose Mexico over the United States due to costs, Sheng said. Similarly, Hota would never be able to completely replace its established Taiwan production base.
Persons: Holly Sheng, Ann Wang, Sheng, Hota, Tesla, Sarah Wu, Anne Marie Roantree, Sam Holmes Organizations: REUTERS, Rights, Mfg, Ford Motor, General Motors, Hota, Reuters, DETROIT, Hota's, Washington incentivises, Thomson Locations: Taichung, Taiwan, Rights TAICHUNG, Hota's, China, North America, New Mexico, Asia, United States, Santa Teresa , New Mexico, Mexico, Detroit, U.S, Texas, American, Washington, Arizona
☆ Tesla supplier Hota to build first US factory in New Mexico
  + stars: | 2023-09-20 | by ( Sarah Wu | ) www.reuters.com   time to read: +2 min
TAIPEI, Sept 20 (Reuters) - Tesla supplier Hota Industrial Mfg. Co (1536.TW) will invest $99 million to build its first plant outside of Asia in the U.S. state of New Mexico, the Taiwanese company said on Wednesday, citing greater emphasis on regional production in supply chains. Hota, which makes gears and other auto components primarily in Taiwan, said it would begin construction on the factory in Santa Teresa, near the U.S. border with Mexico, early next year and mass production in 2025. Hota is a key supplier to Tesla (TSLA.O), GM (GM.N) and Ford (F.N). James Huang, chairman of the Taiwan External Trade Development Council, said EVs would be an important focus for bilateral trade and especially in New Mexico.
Persons: David Shen, Shen, Michelle Lujan Grisham, TSMC, James Huang, EVs, Huang, Sarah Wu, Mark Potter Organizations: Industrial Mfg ., U.S ., New, Reuters, GM, Ford, Taiwan External Trade Development Council, U.S, Thomson Locations: TAIPEI, Asia, U.S ., New Mexico, Taiwan, Santa Teresa, U.S, Mexico, China, United States, Taipei, American, Arizona
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