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Photo = LG Innotek |
[Alpha Biz= Kim Jisun] Seoul, September 25 – LG Innotek has completed the expansion of its automotive electronics production plant in Querétaro, Mexico, as part of its strategy to strengthen its high-value automotive components business. The company aims to leverage the new facility as a global hub to boost production capacity and expand its customer base in North America.
According to local media reports, LG Innotek invested MXN 3.5 billion (approximately KRW 266.3 billion) in the expansion project. The Querétaro plant has finalized construction and will begin mass production of vehicle camera modules, motors, and lighting systems in the fourth quarter of this year.
Querétaro, located in central Mexico, is considered a key manufacturing hub where numerous global companies, including those from Korea, have established production bases. Given the high proportion of North American clients, LG Innotek expects the new plant to play a central role in securing additional orders from global automakers, including Tesla.
The company plans to gradually expand employment at the site, starting with 630 new hires and potentially doubling the workforce once the plant enters stable operations. Mauricio Kuri González, Governor of Querétaro, confirmed that detailed investment plans were discussed with LG Innotek executives during working-level meetings.
LG Innotek is focusing on high-value automotive products such as communication and lighting modules to secure profitability amid tariff-related uncertainties and a volatile global trade environment. In addition to Mexico, the company is also reinforcing its automotive electronics operations in Poland. Earlier this month, CEO Hyuk-Soo Moon visited LG Innotek’s Polish subsidiary and factory in Wrocław to review operations firsthand.
Moon previously stated at the company’s March shareholders’ meeting that the expansion in Mexico would be completed in July, with full-scale mass production expected from October. He added that LG Innotek would mitigate tariff-related risks through its diversified production network spanning Korea, Mexico, Vietnam, and Indonesia.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
