Business | Going electric

Mexico’s electric-car ambitions

Can the country make the most of the battery-powered revolution?

LOS ANGELES, CA - NOVEMBER 21: The electric Ford Mustang Mach-E is shown at AutoMobility LA on November 21, 2019 in Los Angeles, California. The four-day press and trade event precedes the Los Angeles Auto Show, which runs November 22 through December 1. (Photo by David McNew/Getty Images)
Made in USMCAImage: Getty Images
|MEXICO CITY

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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