:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/7JRRQZNWD7UBEK5AV3MKOCU3ZI.jpg "Elon Musk's company plans to accelerate the construction of its factory in Mexico and have it operating by late 2023.")
Mexico City — Tesla will this month begin construction of its Gigafactory in Monterrey, in Mexico’s northern state of Nuevo León, with a $6-billion investment, the state’s governor Samuel García has said.
The electric car maker plans to accelerate the plant’s construction with a view to bringing it online by the end of 2023, García said in an interview with Radio Fórmula on Thursday.
“It will be the world’s largest factory, and not only Tesla’s,” García said.
The official announcement of the project will be made in the coming weeks in Nuevo León.
Watch a video about the project (in Spanish) here:
Tesla’s CEO Elon Musk announced the construction of the factory on March 1, and said the plant will build the company’s next generation car, which is designed to be cheaper than its current models.
“We are excited to announce that we are going to build a Gigafactory in Mexico,” Musk said.
The plant will be in addition to the company’s six existing facilities, two of which are located outside the US, in Berlin and Shanghai, and forms part of the company’s plan to build 20 million cars per year by 2030. In 2022, Tesla produced 1.37 million cars.
Mexico’s President Andrés Manuel López Obrador announced Tesla’s plans to build the factor in Mexico on February 28, despite having threatened to not issue an authorization to Tesla due to the water scarcity in Nuevo León, and had suggested the plant be built near the Felipe Ángeles international airport, or in the state of Hidalgo or in the country’s southeast.
:quality(75)/cloudfront-us-east-1.images.arcpublishing.com/bloomberglinea/V54OIR6OE5BYDHZDJVOGNDDE4M.jpg "How Mexico’s Nuevo León State Landed Tesla’s First Plant In Latin America")
