Source: Bethel Automotive Safety Systems Co., Ltd. announcement

SHANGHAI — Bethel Automotive Safety Systems Co., Ltd. (WBTL) is investing $50M in a new plant in Mexico. It is located in Alianza Industrial Park in the Saltillo area of Coahuila State.

In first phase WBTL will build a more than 20,000 square-meter facility for aluminum casting and machining to cover automotive chassis components such as knuckles and control arms. Foundation brakes and brake controls will be introduced in the future as needed.

This facility will be commissioned in third quarter of 2022 and will create approximately 550 jobs.

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“I am very pleased and honored to announce our first manufacturing global expansion into Mexico to support our key customers in North America,” said Dr. Yongbin Yuan, Founder and CEO of WBTL. “WBTL remains fully committed to provide our majors customers with local engineering and manufacturing capabilities.

“Two years ago, we opened a R&D Center in Detroit and now we are build a factory in Saltillo,”.

“WBTL represent a great opportunity for Coahuila to uprise development for skilled hand labor,” said Miguel Riquelme, Governor of Coahuila. “In these moments where we have struggled to maintain jobs, WBTL brings good news to Coahuila setting a milestone being the first Chinese operation at Alianza. WBTL makes and keeps Coahuila strong.”

About WBTL

WBTL is a publicly traded company on the Shanghai Stock Exchange (603596), one of the world’s leading Tier 1 suppliers for chassis components including brake modules, EPB, ABS, ESC, ADAS, One-Box Braking System, and light-weight products such as Al knuckles and control arms. The company has 10 manufacturing locations and supplies to major carmakers worldwide.