The nation is attracting vital automaker funding in electrical automobile manufacturing, writes Megan Lampinen
Mexico has been the world’s seventh largest automobile producer for 3 consecutive years, and in 2022 turned out greater than 3.5 million autos. Regardless of provide chain and uncooked materials challenges, that determine was 10% increased than the 2021 complete. The nation is at present residence to about 20 main automobile manufacturing vegetation. However what occurs to this manufacturing business as international automakers transition to an electrical future?
Attracting funding
So far, Mexico has obtained vital investments pledges from some massive identify automotive gamers to help native electrical automobile (EV) manufacturing. Ford’s Cuautitlan plant assembles the Mustang Mach-E and goals to almost double hourly manufacturing of the mannequin by the tip of 2023. Normal Motors, the most important automaker within the nation, has pledged US$1bn to organize its Ramos Arizpe plant for EV manufacturing. In March 2023, Tesla confirmed plans to arrange “the largest EV plant on the planet” close to Monterrey, the capital of the northeastern state of Nuevo León. Across the similar time, BMW mentioned it will make investments €800m (US$858m) to include manufacturing of its electrical Neue Klasse line-up and battery meeting on the San Luis Potosi plant.
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