Mexico announced a 4.4 billion peso ($212 million) deal to assemble Chinese cars in the central state of Hidalgo on Wednesday, amid calls for the country to diversify economic ties as tensions have risen with the U.S., its largest trade partner.
Hidalgo Gov. Omar Fayad announced the deal between Mexico's Giant Motors Latinoamerica and Chinese state-owned automaker JAC Motors at a news conference in the capital.
The plant in Ciudad Sahagun, about 40 miles (60 kilometers) northeast of metropolitan Mexico City, will produce two SUV models and the first cars are expected to roll off assembly . . .
