Mexico’s electric-car ambitions
Can the country make the most of the battery-powered revolution?
Job adverts hint at its imminent arrival but Tesla is yet to confirm recent reports that it will set up a new electric vehicle (ev) “gigafactory” in Monterrey, a Mexican city close to the American frontier. The rumours have nonetheless set wheels in motion. Noah Itech, a Chinese supplier of automation equipment to the American car company, is building a $100m plant in the city. If Elon Musk’s firm sets up in Mexico it will be the latest in a long list of companies that have chosen to build vehicles in a country that borders the world’s second-largest car market.
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This article appeared in the Business section of the print edition under the headline “Going electric”
From the January 21st 2023 edition
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