Automotive + Suppliers

DRIVING INNOVATIVE MOBILITY

There have always been major OEM companies within a 150-Mile radius and with a top U.S. automobile company building its flagship electric vehicle plant an hour from downtown Memphis, the future is ours.

Automotive + Electric Vehicle Component in Memphis

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Automotive + Suppliers

BY THE NUMBERS

81.5

GRP growth in automotive industry in the last 10 years - $3.7 billion in 2022

57

Memphis is within the top 10 major metros in job growth in Automotive Manufacturing(1 mm+ population)

24

AutoZone has been a fortune 500 company headquartered in Memphis.

THE FUTURE OF MANUFACTURING

The Greater Memphis Area has seen robust growth in the automotive industry-driven GRP. Relative to 2022, automobiles have contributed $3.7 billion to GRP to the area. The 81.50% ten-year cumulative growth is driven mostly by auto part retail and auto manufacturing. Several large, new developments in electric vehicle manufacturing will continue to drive aggressive GRP growth in the coming years.​

Automotive Suppliers Map

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Memphis Automotive Suppliers Map

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Why Industries Thrive Here

Between Tennessee's business-friendly environment and Memphis's strategic location, trained talent and history of innovation, doing business here is a brilliant move.

SEE OUR ADVANTAGES
LOGISTICS

#1

Busiest cargo airport in the world, serving 27 markets with non-stop service.

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STATE TAXES

6.5%

Corporate income tax and no personal income tax on wages and salaries.

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COST OF LIVING

10.6%

Lower cost of living than
 the national average.

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