Tesla To Build Major Factory In Mexico, Country’s President Confirms

Mexican President Andres Manuel Lopez Obrador confirmed connected Tuesday that the country’s bluish metropolis of Monterrey, Nuevo León, volition beryllium location to a caller Tesla plant. The woody betwixt the automaker and the Mexican authorities comes aft galore months of speculation. More details volition beryllium announced aboriginal this week.

Back successful October of 2022, Elon Musk was seen successful Monterrey alongside different high-level Tesla executives arsenic good arsenic the US ambassador to Mexico. Mexican authorities officials were besides contiguous truthful it seemed apt that a aboriginal Tesla mill could beryllium the taxable astatine hand.

Just past week though, Mexican President Andres Manuel Lopez Obrador voiced concerns astir h2o scarcity successful the portion and signaled that helium mightiness artifact a Tesla mill implicit those concerns. Instead, the President wanted Musk to build the mill adjacent a caller concern hub successful Mexico City. His concerns were addressed during a telephone telephone with Musk connected Monday, says Bloomberg.

Read: Tesla May Soon Announce Plans For A Factory In Mexico

“He was precise responsive, knowing our concerns and accepting our proposals,” AMLO said successful a statement. “I privation to convey Mr. Elon Musk for being precise respectful, attentive, and knowing of the value of addressing the occupation of h2o scarcity.” The President besides says that Tesla committed to utilizing recycled h2o passim the full manufacturing process.

More details astir the plant, which we expect to beryllium different Gigafactory, volition travel to airy time during Tesla’s archetypal Investor Day. It seems apt that the mill volition beryllium a important portion of the automaker’s program to ramp accumulation to 20 cardinal vehicles per twelvemonth by the extremity of 2030. Accomplishing that extremity volition necessitate the gathering of astatine slightest 7 much gigafactories connected apical of the Mexican 1 according to Tesla.

Tesla is conscionable the latest automaker to put successful Mexico. Ford builds the Mustang Mach-E successful Cuautitlán, Mexico. BMW and General Motors besides person plans to grow accumulation successful the state portion Stellatis seems to beryllium eyeing the authorities southbound of the borderline for akin reasons. We look guardant to learning much astir Tesla’s program connected Wednesday.