Tesla corporation may start manufacturing cars next year in Mexico, with the electric vehicle manufacturer near to receiving final approvals enabling factory development to start in Nuevo Leon, adjacent to the US-Mexico boundary, the governor of the state stated on Monday.
“They are waiting for the final permits … once that’s done, they can start, hopefully, this very month, in March,” Nuevo Leon Governor Samuel Garcia said in an interview.
“I think by next year, in 2024, there will be the first autos.”
Source: reuters.com
Also Read: Tesla’s ‘Master Plan’ Fails to Impress Investors: What Went Wrong?
A request for clarification was not promptly returned by the firm.
Elon Musk, CEO of Tesla, officially confirmed the financing the other week, asserting the Austin, company based in Texas had chosen Mexico to build its next “gigafactory,” with the goal of manufacturing a “next-generation vehicle.”
Also Read: Germany planning to ban Huawei, ZTE from parts of 5G networks
Mexican officials have stated that the manufacturing company will be the world’s largest for producing electric vehicles, with an investment of 5 billion dollars.
Garcia stated that future stages of the plant could include the manufacture of parts such as chips & batteries.
“That’s why they bought a very large plot of land,” he added.
Source: reuters.com
According to the city politician, the location in Santa Catarina, close to the state capital of Monterrey, extends so many thousand acres.
Garcia stated that the funding would act as an “anchor” hoping to attract Tesla distributors and that the approval granted after the latter showed concerns about water scarcity, sent a positive signal to other potential investors. to Tesla Andres Manuel Lopez Obrador who is the President of Mexico.
“It’s like a kind of guide, that when they want to come set up here, it’s very important they follow the law,” he said, noting he had sent Lopez Obrador technical memos about the state’s industrial water supply.
“The president, by authorizing and backing Tesla, sent a message to the world that they should come to Mexico.”
Source: reuters.com
Also Read: Taiwan’s TSMC to recruit 6,000 engineers in 2023
It is anticipated that by 2025, 20 percent of all emerging world car sales would be electric, increasing to 40 percent by 2030. As per investment bank UBS, nearly all cars worldwide sales will be electric by 2040. According to a Thomson Reuters study, even if all sales of new cars are electric by 2040, half of the cars on the roads will still be fueled by gasoline or diesel.
I am a student pursuing my bachelor’s in information technology. I have a interest in writing so, I am working a freelance content writer because I enjoy writing. I also write poetries. I believe in the quote by anne frank “paper has more patience than person