Mexican Automobiles Potentially Undervalued Companies

Forvia

Market Cap: Mex$4.3b

Manufactures and sells automotive technology solutions in France, Germany, other European countries, the Americas, Asia, and internationally.

Nemak S. A. B. de C. V

Market Cap: Mex$9.5b

Develops, manufactures, and sells aluminum components for e-mobility, structure and chassis, and ICE powertrain applications to the automotive industry in North America, Europe, and internationally.

Goodyear Tire & Rubber

Market Cap: Mex$3.2b

Develops, manufactures, distributes, and sells tires and related products and services worldwide.

Mercedes-Benz Group

Market Cap: Mex$48.2b

Operates as an automotive company in Germany and internationally.

CIE Automotive

Market Cap: Mex$3.0b

Designs, manufactures, and sells automotive components and sub-assemblies.

BorgWarner

Market Cap: Mex$5.8b

Provides solutions for combustion, hybrid, and electric vehicles worldwide.

Compagnie Générale des Établissements Michelin Société en commandite par actions

Market Cap: Mex$24.4b

Engages in the manufacture and sale of tires worldwide.

Subaru

Market Cap: Mex$2.5t

Manufactures and sells automobiles and aerospace products in Japan, rest of Asia, North America, Europe, and internationally.

Lear

Market Cap: Mex$5.5b

Designs, develops, engineers, manufactures, assembles, and supplies automotive seating, and electrical distribution systems and related components for automotive original equipment manufacturers in North America, Europe, Africa, Asia, and South America.

Hyundai Motor

Market Cap: Mex$52.9t

Manufactures and distributes motor vehicles and parts worldwide.

Renault

Market Cap: Mex$8.9b

Engages in the design, manufacture, sale, repair, maintenance, and leasing of motor vehicles in Europe, Eurasia, Africa, the Middle East, the Asia Pacific, and the Americas.

Stellantis

Market Cap: Mex$24.7b

Engages in the design, engineering, manufacturing, distribution, and sale of automobiles and light commercial vehicles, engines, transmission systems, metallurgical products, mobility services, and production systems worldwide.

BYD

Market Cap: Mex$1.1t

Engages in automobiles and batteries business in the People’s Republic of China, Hong Kong, Macau, Taiwan, and internationally.

Honda Motor

Market Cap: Mex$5.9t

Develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally.

Garrett Motion

Market Cap: Mex$2.2b

Designs, manufactures, and sells turbocharging, air and fluid compression, and high-speed electric motor technologies for original equipment manufacturers and distributors in the United States, Europe, Asia, and internationally.

Aptiv

Market Cap: Mex$15.8b

Engages in design, manufacture, and sale of vehicle components for the automotive and commercial vehicle markets in North America, Europe, the Middle East, Africa, the Asia Pacific, South America, and internationally.

Grupo Industrial Saltillo. de

Market Cap: Mex$4.8b

Through its subsidiaries, engages in the design, manufacture, sale, and marketing of auto parts and housewares in Mexico, Europe, and Asia.

Magna International

Market Cap: Mex$14.1b

Manufactures and supplies vehicle engineering, contract, and automotive space.

NIO

Market Cap: Mex$7.9b

Designs, develops, manufactures, and sells smart electric vehicles in China, Europe, and internationally.

Gestamp Automoción

Market Cap: Mex$1.7b

Designs, develops, and manufactures metal components for the automotive industry in Western Europe, Eastern Europe, Mercosur, North America, and Asia.

Bridgestone

Market Cap: Mex$4.1t

Manufactures and sells tires and rubber products.

Geely Automobile Holdings

Market Cap: Mex$172.7b

An investment holding company, operates as an automobile manufacturer primarily in the People’s Republic of China.

General Motors

Market Cap: Mex$50.9b

Designs, builds, and sells trucks, crossovers, cars, and automobile parts worldwide.

Harley-Davidson

Market Cap: Mex$3.1b

Manufactures and sells motorcycles in the United States and internationally.