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The nation is attracting important 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 automobiles. Regardless of provide chain and uncooked materials challenges, that determine was 10% larger than the 2021 whole. The nation is presently residence to about 20 main automobile manufacturing vegetation. However what occurs to this manufacturing business as world automakers transition to an electrical future?
Attracting funding
Thus far, Mexico has acquired important investments pledges from some large identify automotive gamers to help native electrical automobile (EV) manufacturing. Ford’s Cuautitlan plant assembles the Mustang Mach-E and goals to just about double hourly manufacturing of the mannequin by the tip of 2023. Common Motors, the biggest automaker within the nation, has pledged US$1bn to arrange its Ramos Arizpe plant for EV manufacturing. In March 2023, Tesla confirmed plans to arrange “the largest EV plant on the earth” close to Monterrey, the capital of the northeastern state of Nuevo León. Across the identical 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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