The Mexican arm of Chinese company Bethel Automotive Safety Systems (WBTL) has won a $450 million contract to deliver special components for a US automaker.
Bethel Automotive did not provide details of which company placed the order (for confidentiality, it said), but confirmed that it is one of the clients that already has WBTL in the country ruled by Joe Biden. That is to say, Ford Motor, Stellantis or General Motors, one of the three.
Bethel Mexico will exclusively supply the buyer with auto parts including cast aluminum front and rear steering knuckles.
According to the Chinese manufacturer of automotive braking systems, the maximum annual production of all models manufactured by WBTL at its plant in Saltillo, Coahuila, from the agreement, will be about 300 thousand vehicles.
According to the Chinese media, the buyer will begin mass-producing its cars with those Mexican parts in 2025.
Shares of Bethel Automotive Safety Systems rose after the Chinese auto-braking parts maker said its Mexican unit had won $450 million worth of orders from a “well-known North American automaker,” it reported. Yicai Global.
Bethel Automotive Safety Systems (WBTL) invested 50 million dollars in its plant in Mexico located in the Alianza Industrial Park, in Saltillo.
The Chinese-based company is one of the leading Tier-1 suppliers of chassis components, brake modules and aluminum suspension knuckles and arms.
“I am very happy and honored to announce our first global manufacturing expansion in Mexico to support our key customers in the United States,” Yongbin Yuan, founder and CEO of WBTL, had said in 2021 when the investment of about 50 million dollars was announced. in Saltillo.
“At WBTL we are committed to offering our large customers local engineering and manufacturing capabilities. Two years ago we opened an R&D center in Detroit and now we are building a factory in Saltillo,” he added.
The latest WBTL developments point to the safety of autonomous vehicles. At its plants in Japan, for example, it designs collision-avoidance systems that use advanced sensors and algorithms to detect potential collisions and warn drivers to take evasive action.
It also develops lane departure warning systems, which alert drivers when their vehicle strays from a straight line on the road, helping to prevent accidents caused by driver distraction or fatigue.
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