House › Articles › Mexicans to construct, if not drive, future EVs
The nation is attracting vital automaker funding in electrical car manufacturing, writes Megan Lampinen
Mexico has been the world’s seventh largest car producer for 3 consecutive years, and in 2022 turned out greater than 3.5 million autos. Regardless of provide chain and uncooked materials challenges, that determine was 10% increased than the 2021 whole. The nation is presently house to about 20 main car manufacturing crops. However what occurs to this manufacturing trade as world automakers transition to an electrical future?
Attracting funding
Thus far, Mexico has obtained vital investments pledges from some huge identify automotive gamers to help native electrical car (EV) manufacturing. Ford’s Cuautitlan plant assembles the Mustang Mach-E and goals to just about double hourly manufacturing of the mannequin by the top of 2023. Normal Motors, the biggest automaker within the nation, has pledged US$1bn to arrange its Ramos Arizpe plant for EV manufacturing. In March 2023, Tesla confirmed plans to arrange “the most important EV plant on this planet” close to Monterrey, the capital of the northeastern state of Nuevo León. Across the similar time, BMW stated it could make investments €800m (US$858m) to include manufacturing of its electrical Neue Klasse line-up and battery meeting on the San Luis Potosi plant.
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