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TESLA INVESTMENT WILL DRIVE 50-YEAR GROWTH IN NORTHERN MEXICO

The investment that Tesla will make in Santa Catarina, in the north of Mexico, will represent five times more than the one that arrived in that municipality in the last decade and a 50-year leap in one single year, affirmed Mayor Jesus Nava.

In an interview with EFE, the municipal president spoke of what the installation of the electric car assembly plant in his territory, which is adjacent to Monterrey, the capital of the northern state of Nuevo Leon, represents.

“In the last 10 years, we have had a statistical growth of around 2 billion dollars in investment; Tesla in a single year will bring five times what it has brought to Santa Catarina in the last 10 years,” he said.

Nava mentioned that Tesla will force the municipality to “run” close to 50 years in one.

“Then there has to be a very balanced growth with access to housing, to services, with access to commerce, with access to health, public spaces, to security, to public transportation,” he indicated.

On March 1, Tesla CEO Elon Musk confirmed the installation of a mega-factory of the electric car assembly plant in Nuevo Leon, during the celebration of the “Investor Day 2023”, held in Austin (USA).

The municipal president specified that 95% of Santa Catarina’s territory is a protected natural area, so the growth that Tesla will detonate will have to be very balanced.

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For that, he said, that there is already an Urban Development Plan that considers this electric car project.

“So we have 5% of the city’s territory, developable, of which 60% is already developed, 40% is missing, which is where Tesla is going to be installed,” explained Nava.

He commented that around Tesla, in this 40% that remains to be developed, there has to be a very disciplined growth.

“How it (orderly development) is going to be achieved is through the Urban Development Plan. With the Urban Development Plan we are going to define very well the zones of housing, service, commercial, industrial growth and also with a mobility and accessibility plan,” he detailed.

Nava assured that the comprehensive plan is already prepared, so everything around the arrival of Tesla’s electric car factory in northern Mexico is planned. TESLA WILL ACCELERATE THE MARKET.

The mayor also commented that an investment of this size represents many challenges.

“Any city in the world feels fortunate to have an investment like Tesla; however, there are many challenges to address with an investment like this,” he said.

Elon Musk’s company is expected to make an initial investment of US$5 billion and generate between 35,000 and 40,000 formal jobs, according to what Nuevo Leon Governor Samuel Garcia has stated.

“We are sometimes victims of our own success and sometimes we are also victims of world politics. This policy promoted by the United States: the “nearshoring” (relocation of chains) that pushes these global companies to come and set up in Mexico or install part of their manufacturing chain in Mexico,” Nava said.

The mayor added that Tesla is coming to accelerate the markets and estimated that the installation of supply companies will increase throughout Nuevo Leon.

In the last few months alone, Vertiv, a storage technology manufacturer, Noah Itech, which produces automation equipment, and Automotive Components International (IAC), an automotive plastics maquiladora, have arrived in Santa Catarina.