Tesla Inc will build a new assembly plant in northern Mexico, the country's president said on Tuesday, marking a push by the electric vehicle maker to broaden operations outside the U.S. in a deal said by a source to be worth at least $1 billion.
"This will represent a considerable investment and many, many jobs," Lopez Obrador told reporters, saying Chief Executive Elon Musk had been receptive to Mexico's concerns and made commitments on how to address the shortage of water.The initial investment will be worth around $1 billion and further phases could bring total spending to $10 billion, according to a Mexican source with knowledge of the matter.The company has car factories in the U.S.
of investment - capitalizing on geopolitical tensions and supply- chain disruptions caused by the COVID-19 pandemic by luring manufacturing capacity to North America, and away from Asia. Mexican Foreign Minister Marcelo Ebrard hailed the news on Twitter, calling it the result of 14 months of "patient labor."
Lopez Obrador said he had told Musk Mexico would not be granting subsidies to make batteries or semiconductors. Antonio Ocaranza, head of consulting group Oca Reputacion, said the president ultimately showed common sense in allowing such a major deal, which should attract further investment.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Mexico's president says Musk will build Tesla EV plant in northern MexicoAndrés Manuel López Obrador had previously raised concerns about the lack of water for Tesla to build in northern Mexico.
Lire la suite »
Here are Tuesday's biggest analyst calls: Apple, Tesla, Dick's, Costco, Snowflake, Meta, Dish & moreGoldman Sachs downgraded metals stock Arconic, and Bank of America named its top AI picks.
Lire la suite »
Mexican president says Tesla to build plant in MexicoMEXICO CITY (AP) — Mexico's President Andrés Manuel López Obrador said Tuesday that electric car company Tesla has committed to building a plant in the city of Monterrey, an industrial hub in northern Mexico.
Lire la suite »
Tesla to Build a Manufacturing Plant in MexicoTesla plans to build a manufacturing plant in the northern Mexican industrial hub of Monterrey, President Andrés Manuel López Obrador said Tuesday
Lire la suite »
Mexican president says Tesla will build a new plant in MexicoTesla will build a new plant in Monterrey, Mexico, and adhere to a series of commitments to address water scarcity
Lire la suite »
Mexican president says Tesla to build plant in northern MexicoThe EV maker has committed to building a major plant in the industrial hub of Monterrey.
Lire la suite »