Tesla to Invest $5B+ in Mexico Factory, Creating 6,000 Jobs

Tesla to Invest $5B+ in Mexico Factory, Creating 6,000 Jobs

Image: Tesla

Tesla invests more than $5 billion in Mexico. The factory, which does not plan to produce batteries, will create up to 6,000 jobs, according to a senior official.

At Wednesday's Investor Day, Tesla will confirm that it will build an assembly plant in Mexico. For this, the company even invited the Governor of Nuevo León Samuel García to join the event. However, the president of the country, Andres Manuel López Obrador, has already hinted clearly that Tesla intends to build an assembly plant in Mexico and even shared some details related to the water supply.

The Mexican government said on Tuesday that Tesla has chosen the northern state of Nuevo León for its first Mexican factory. The investment will amount to more than 5 billion US dollars, but more details about this will be revealed by Elon Musk on Wednesday. Officials said the factory will create 5,000 to 6,000 jobs.

The factory in question will not produce batteries, so the number of employees required is lower than at the company's similar facilities around the world. However, according to officials, Tesla is considering making batteries in the center of the country as it plans further investment.

”(Musk) is interested in investing more in Mexico,” the president said.

He also noted that he discussed with Musk the government's plans to develop the Isthmus of Tehuantepec in southern Mexico. López Obrador tried to interest Tesla in building a battery factory, saying that despite the fact that lithium is nationalized in Mexico, the parties can agree.

”I told him: ‘Lithium has been nationalized, but that doesn't mean we can't come to an agreement,’” he said.

Tesla chose Nuevo León for its factory because of the border state's proximity to the company's Austin, Texas headquarters, according to Deputy Foreign Secretary Martha Delgado. “It's six hours away. This closeness was very good for them,” she explained.

© 2023, Eva Fox | Tesmanian. All rights reserved.


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Article edited by @SmokeyShorts; follow him on Twitter

About the Author

Eva Fox

Eva Fox

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.

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