Tesla will soon begin production of its electric vehicles (EVs) in Mexico, according to government officials in the country. The US-based electric car maker is reportedly in the final stages of receiving a license that would ensure it can build a factory here. Construction of the plant is likely to begin this month, with the first units rolling off the production line in a year’s time.
While Tesla has yet to confirm its plans to build a factory in Mexico, the news comes from Nuevo Leon governor Samuel Garcia, according to Reuters. “They’re waiting for the final permits … Once that’s done, they can start, hopefully this month, which is March. I think by next year, which is 2024, there will be the first cars,” he said, according to reports. The proposed factory would be built in Nuevo Leon, near the U.S.-Mexico border.
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Mexican officials further claimed that Tesla will invest about $5 billion in the factory in the country, which will become the largest electric vehicle manufacturing plant in the world. Garcia also added that the plant could eventually become a chip and battery manufacturing hub as well. “That’s why they bought a large piece of land,” he added, further pointing to the “thousands of acres” allocated for the facility.
Tesla has been looking for newer locations for future factories, and while it has multiple operations in the U.S., Shanghai and Europe, the Mexico plant could be another shot in the arm for the electric car giant as it looks to expand its dominance in the United States. A world of battery powered mobility options.
First published date: March 7, 2023 at 12:53pm CST