Tesla Giga Mexico will be built and put into operation in record time, perhaps faster than Giga Shanghai. The new factory will provide 35,000 direct and indirect jobs in the region, boosting the local economy.
Tesla confirmed at Wednesday's Investor Day that its next gigafactory will be in Nuevo León, Mexico. Now local officials are happy to share some details about the new facility, of which they are very proud. Samuel Garcia, governor of Nuevo León, citing Tesla top executive Tom Zhu, said that Giga Mexico will be built in record time to surpass the result achieved with Giga Shanghai. Tesla's Chinese factory built and delivered the first vehicles in just nine months, which is an absolutely unique record in the industry.
Jesus Nava, the mayor of Santa Catarina in the state of Nuevo León, said in an interview with Reuters that Tesla has already bought the site to build the factory. The purchase was from private owners. The mayor said the land covers nearly 4,200 acres in an industrial zone. This makes Giga Mexico Tesla's largest factory. By comparison, the Giga Texas site is about 2,500 acres.
According to Nava, Tesla will invest about $5 billion in Phase 1 of the factory, which will employ about 5,000 people. In the next phase of expansion, the company will invest another $5 billion and hire about 5,000 more employees. Thus, the total planned investment in the facility will be $10 billion, generating 10,000 direct jobs. Giga Mexico will also create about 25,000 indirect jobs. The production capacity of the factory will be 1 million cars per year.
Construction of Giga Mexico will begin in three months, according to Nava. The factory will produce cars on a next-generation platform that will be 50% cheaper to manufacture than the current Model 3/Y platform. The new models that Tesla will produce will be revealed during a ceremony marking the groundbreaking of the Mexican factory.
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Eva Fox joined Tesmanian in 2019 to cover breaking news as an automotive journalist. The main topics that she covers are clean energy and electric vehicles. As a journalist, Eva is specialized in Tesla and topics related to the work and development of the company.