Tesla to make big investment in Mexico plant, government says
February 28, 2023 at 6:35 PM by © AFP 2022
Elon Musk's electric carmaker Tesla will open a plant in northern Mexico, making a significant investment in the Latin American nation, Mexican President Andres Manuel Lopez Obrador announced Tuesday. The move, which has yet to be confirmed by Tesla, would be a major boost to Mexico's hopes of benefiting from US companies choosing nearby countries over Asia for their manufacturing operations.
"The plant is going to be established in Monterrey," Lopez Obrador told reporters after speaking with Musk. The factory was expected to be "very big" and would bring "a considerable investment and many jobs," he added.
He said the US company had promised to address the problem of water scarcity in Monterrey, an industrial powerhouse home to transnational firms a few hours' drive from the US border.
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He said the US company had promised to address the problem of water scarcity in Monterrey, an industrial powerhouse home to transnational firms a few hours' drive from the US border.
Read more: https://www.tuko.co.ke/business-economy/496270-tesla-big-investment-mexico-plant-government-says/
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