Tesla plans to announce EV plant in Mexico as soon as next week

Tesla Inc. is finalizing plans to build an electric vehicle assembly plant in an industrial area of northeastern Mexico and may announce the factory as early as next week.

By: Bloomberg
| Updated on: 17 Dec 2022, 13:56 PM
Follow us on:
Follow us on:
File photo of Tesla logo (REUTERS)
File photo of Tesla logo (REUTERS)
File photo of Tesla logo (REUTERS)
File photo of Tesla logo

The plant is to be located in Santa Catarina in Monterrey city, the capital of Nuevo Leon state, according to people familiar with the automaker’s plans, who asked not to be identified discussing internal business. Final details are still being worked out, and the talks with the company have involved both the state government and Mexico’s foreign relations ministry, one of the people said.

Tesla didn’t immediately respond to an emailed request for comment.

Also Read : Watch: Tesla Semi goes through durability test

Chief Executive Officer Elon Musk visited Nuevo Leon in October and met with officials there, and the company’s relationship with the state’s government has already earned it an exclusive customs lane for parts crossing the border into Texas.

Similar Products

Find more Cars
Tesla Model S (HT Auto photo)
UPCOMING
Tesla Model S
Electric | Automatic
₹70 Lakhs - 1 Cr* *Expected Price
Tesla Model 3 (HT Auto photo)
UPCOMING
Tesla Model 3
Electric | Automatic
₹70 - 90 Lakhs* *Expected Price
Mercedes-benz V-class (HT Auto photo)
Mercedes-benz V-class
1950 cc | Diesel | Automatic (Torque Converter) | 16.67 kmpl
₹71.1 Lakhs - 1.46 Cr* **Ex-showroom price
Mercedes-benz E-class-all-terrain (HT Auto photo)
DISCONTINUED
Mercedes-benz E-class-all-terrain
1950 cc | Diesel | Automatic | 12.06 kmpl
₹75 - 77.25 Lakhs***Last recorded price
Bmw X5 (HT Auto photo)
Bmw X5
2993 cc | Diesel | Automatic (Torque Converter) | 13.38 kmpl
₹75.5 - 90.9 Lakhs***Ex-showroom price
Tata Tiago Ev (HT Auto photo)
Tata Tiago Ev
19.2 kWh | Electric | Automatic | 250 Km
₹8.49 - 11.79 Lakh***Ex-showroom price

The factory would be Tesla’s first south of the border and part of a push to expand global manufacturing that has included vast new plants in Austin, Texas, and Berlin, as well as a sprawling factory in Shanghai. Tesla has long mulled building a third factory in North America, with Musk telling shareholders in August that a decision might be made before the end of the year.

US Market

File photo used for representational purpose only
File photo used for representational purpose only (MINT_PRINT)
File photo used for representational purpose only
File photo used for representational purpose only (MINT_PRINT)

The announcement would come just days after Mexico and Canada won a trade dispute with the US over cars shipped across regional borders, a development that gives automakers more incentive to manufacture in those nations.

A Mexican-made electric vehicle would likely qualify for subsidies under recent US legislation signed into law in August designed to spur adoption of EVs, as long as it met battery content requirements.

It’s unclear which models Tesla will produce in its Mexican factory or when it would begin production. Those details could be announced in the coming days, the people said.

Tesla would be locating in an automotive corridor of Nuevo Leon that’s already home to factories for General Motors Co. and Kia Motors, a unit of South Korea’s Hyundai Kia Automotive Group. Ford Motor Co. also builds its electric Mustang Mach-E in Cuautitlan, near Mexico City.

Musk has set an ambitious goal of selling 20 million electric vehicles a year by 2030, which would make Tesla twice the size of any other automaker and account for 20% of global auto output.

First Published Date: 17 Dec 2022, 13:55 PM IST
Recommended for you
View all
NEXT ARTICLE BEGINS
Shopping Bag Shop Now
55% OFF
SOFTSPUN Microfiber Cloth - 4 pcs - 40x40 cms - 340 GSM Grey- Thick Lint & Streak-Free Multipurpose Cloths - Automotive Microfibre Towels for Car Bike Cleaning Polishing Washing & Detailing
Rs. 269 Rs. 604
73% OFF
pTron Bullet Pro 36W PD Quick Charger, 3 Port Fast Car Charger Adapter - Compatible with All Smartphones & Tablets (Black)
Rs. 349 Rs. 1,299
20% OFF
Involve Your Senses One Musk Organic Car Perfume Bar, Involve Your Senses Strong Fiber Air Freshener to Freshen'up Your Car - IONE01-40 g Car Accessories interior car perfumes and fresheners
Rs. 320 Rs. 399
65% OFF
ELV Car Mount Adjustable Car Phone Holder Universal Long Arm, Windshield for Smartphones - Black
Rs. 349 Rs. 999
14% OFF
Jopasu Car Duster
Rs. 749 Rs. 869
9% OFF
ShineXPro Microfiber Car Cleaning Cloth - OG Soft 500 GSM Extra Large (35x75 cm) Microfiber Cloth for Car and Bike - Suede Edging for Scratchless Drying and Detailing (Pack of 2)
Rs. 499 Rs. 549
7% OFF
Pidilite WD-40, Multipurpose Car care Spray, 420ml Rust Remover, Lubricant, Stain Remover, Powerful Chimney Cleaner, Degreaser, and Bike Chain Cleaner & Chain Lube (341g)
Rs. 347 Rs. 375
68% OFF
ORJILO Super Soft Microfiber Car Duster Exterior with Extendable Handle, Car Brush Duster for Car Cleaning Dusting - Grey
Rs. 319 Rs. 999
28% OFF
Pidilite WD 40, 170 G Multipurpose Spray for Auto Maintenance, Rust Remover, Lubricant, Loosens Stuck & Rust Parts, Removes Stain & Sticky Residue, Descaling, All purpose Protectant & Cleaning Agent
Rs. 166 Rs. 230
65% OFF
Portronics AUTO 12 in-Car Bluetooth Receiver for Handsfree Calling, Music System, Supports All Smartphones (Black)
Rs. 529 Rs. 1,499

Please provide your details to get Personalized Offers on

Choose city
+91 | Choose city
Choose city
Choose city
By clicking "View Offers" you Agree to our Terms and Privacy Policy

Dear Name

Please verify your mobile number.

+91 | Choose city