SUBSIDIARY NAME
AE ASSEMBLY MÉXICO
COUNTRY
MÉXICO
SECTOR/ INDUSTRY
AUTOMOTIVE
OWNERSHIP %
70% IIB-DG
ACQUISITION DATE
AUGUST 21, 2022
ACQUISITION VALUATION
20 MILLION
TOTAL ASSET VALUATION
200 MILLION
MINING
AE ASSEMBLY MEXICO acquired on August 21, 2022 for construction and start-up of the only Assembly Plant for Electric, Hybrid and Combustion Cars, within the State of Durango, Mexico.
The capital will be used in the construction of the assembly line warehouse with five work stations, the warehouse for the workshop and the armed car guard, in working capital and development of the brand at a national level, everything will be worked on simultaneously obtaining everything ready within a maximum period of seven months after receiving one hundred percent of the investment, the investment We can receive it in stages if you consider it safer for you, as we advance with the application, the capital is not released, it can be broken down into up to 6 investment stages. I add as additional data that we are exclusive distributors of our cars which have super accessible prices ranging from 12,000 dollars to 45,000 dollars, in addition to that we will be the one of the financing and vehicle rental models.