New Mexico Border Chosen for $72M Auto-Parts Maker
A major Asian auto-parts supplier will be constructing a factory in New Mexico’s Santa Teresa Borderplex and hiring 350 employees.
Taiwan-based Hota Manufacturing, a manufacturer of automotive gears for North American and European clients including Tesla, has signed an agreement for a 30-acre parcel in the Westpark Industrial Park in Santa Teresa, N.M. with construction expected to begin in 2024. The company plans to invest $72 million in New Mexico with future expansions possible over the coming decade. Its website says, “Hota is the largest automotive gear transmission component company in Taiwan with an annual production of nearly 20 million transmission gears.”.
In the last two years, the Santa Teresa Port of Entry, or STPOE, has doubled the number of commercial vehicles processed per hour and hit a new record in 2022 by processing more than 160,000 trucks. STPOE is in far SE New Mexico, about 15 miles west of El Paso, Texas.
Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.