Tesla was born in 2003 as a modest electric vehicle factory but has become much more than that. Being among the largest factories producing electric vehicles anchors hand in hand with business units such as building batteries, solar panels and soon to be high-end cell phones. Elon Mosk has been ranked as one of the top 10 richest men in the world in many years and is credited with the purchase of Twitter, media scandals such as in the Amber Heard and Johnny Deep trial and even in an episode of the TV series The Big Bang Theory.
However, since last year, the governors of Mexico have approached this company, not because of its controversial history and CEO, but because they want their new "Gigafactory" to be established in their territory. From the Governor of Nuevo Leon to states such as Michoacan, Hidalgo, CDMX and Durango, and even the President of the Republic are involved, but what is so relevant that Lopez Obrador himself is so interested? B2B Business, being at the forefront of information, shares with you Everything you need to know about the possible and very likely installation of the new Tesla factory in Mexico.
What will be done at the Tesla Gigafactory?
As of today there is a lot of information available regarding the objective of Tesla's factory in Mexico, however from what the Governor of Nuevo Leon has commented, Mexico will receive the electric truck plant to start production. Whatever the objective is, the important thing is the amount of money invested in this factory is speculated to reach more than 1 billion dollars, generating thousands of jobs and an indirect investment that can easily exceed this investment figure among all the members of its supply chain.
What could motivate Tesla to build its factory in Mexico?
As we have previously reviewed in B2B Business, Nearshoring is one of the main factors. We have a relatively inexpensive currency relative to the dollar, in addition to relatively stable public policies (whichever administration is in charge) and our free trade agreement or T-MEC for its acronym in Spanish that provides and emphasizes the exchange of the automotive industry. In fact, Mexico is one of the main distributors of goods for the automotive industry in Mexico according to AMIA data.
When will the Tesla Factory in Mexico begin to be built?
Without having defined at this point the place where it will arrive, it is expected that this construction will begin according to speculations in 2024, however, these data must be taken with reservations since the sources are still said to be from interested parties. What is a fact is that we must take Mexico's strength as a supplier and manufacturer of companies such as BMW, Mazda, KIA and many other brands that have chosen our skilled labor, engineering and cost as their home to provide reliability and quality to the foreign market, surpassing Brazil and India in many ways. Currently 2% of the national GDP depends on this, so it is a very good idea to be ready for new challenges in this industry.
