Xusheng has announced a number of new subsidiaries, with North America a key target for the company. (Photo by Prehistorik/Shutterstock)

China-based manufacturer of precision aluminium alloy components for cars Ningbo Xusheng Group is investing $276m to set up five new subsidiaries in Hong Kong, the US and Mexico.

The new subsidiaries will support the construction by Xusheng of a factory in Mexico intended to expand the company’s business activities in North America.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

According to its corporate website, Xusheng has eight existing manufacturing plants and its headquarters in China. It employs more than 2,000 people worldwide.

Xusheng primarily exports its products to European and American car markers out of the Chinese port city of Ningbo, in Zhejiang province. This business model somewhat protected the business during Covid-19, as it still had orders to fulfil while China was locked down.

Following the Covid-19 outbreak, companies operating internationally have been increasingly nearshoring their production facilities closer to destination markets, to reduce expose to supply chain issues in the future. Xusheng’s Mexican factory and new subsidiaries are a part of this trend.

Mexico has been a particular beneficiary of this nearshoring trend in the automotive sector, with other Chinese companies such as Jiangsu Xinquan Automotive Trim and American companies such as Tesla building manufacturing facilities in the country.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Xusheng manufactures and distributes machinery and mold parts for the auto industry. Its clients include international tier one automotive companies including Tesla, Mercedes-Benz and BMW, as well as a number of Chinese companies.