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RELEVANT NEWS

TESLA’S LANDING IN NUEVO LEON CONFIRMED

It is a fact. After months of speculation, yesterday it was confirmed that Tesla will install an electric vehicle assembly plant in Mexico, in the metropolitan area of Monterrey, which will become the twenty-first in the country and possibly the most expensive one installed to date in the national territory.

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The factory would imply an investment of between 5 and 10 billion dollars, which would exceed the amounts announced for the construction of other assembly sites in the last decade.

These include the KIA plant in Pesqueria, Nuevo Leon (2.3 billion dollars); the Infiniti-Daimler plant in Aguascalientes (1.4 billion dollars); the BMW plant in San Luis Potosi (1 billion dollars); and the Toyota plant in

Guanajuato (700 million dollars). The first three were announced in 2014 and the last one in 2015.

Tesla’s investment would also be the latest in a chain of announcements by automotive companies already established in Mexico to expand or adapt their production lines for electric cars.

During his morning conference this Tuesday, February 28, President Andres Manuel Lopez Obrador informed that he agreed with Tesla CEO Elon Musk that the plant will be installed in Nuevo Leon, with the condition that the entire production process will use treated and recycled water, in addition to working together with the government to solve the water crisis in the medium and long term.

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