Tesla’s Investor Day may not have gone over too well with some, but the company’s announcement of a new factory in Mexico is a huge deal. Construction could start any day now, and the plan is to build the factory at record speed, with new EVs coming out of the plant in less than a year. This is not the first time Tesla has built a factory at breakneck speed; Giga Shanghai was built in a muddy field and is now the company’s most important factory, producing Tesla Model 3 and Model Y vehicles for local consumption and export. Tesla’s factories in Texas and Germany were not as quick to build, but both are now open and ramping up production.
Now, Tesla is waiting for final permit approval to start building the newest factory near Monterey this month, and may select another site to start building another new factory at the same time. Once construction starts, the automaker aims to open the factory in record time, with EVs on its next-gen platform potentially coming out of the plant next year. The factory will be located in Nuevo Leon, close to the US-Mexico border. Mexican President Andres Manuel Lopez Obrador’s approval of the Tesla factory also opens the door for Tesla’s suppliers and other related companies to consider Mexico.
Not only does Tesla plan to break records by building the factory in a matter of months and moving to EV production in less than a year, but also to produce the largest electric vehicle factory on the planet. The plant will sit on an enormous plot of land and require an investment of some $5 billion. In addition to building EVs, the plant may also eventually add batteries and computer chips. This is great news for potential investors, as it shows that Tesla is serious about its plans for Mexico.
FAQ
Q1: Are electric car batteries recyclable?
A1: Yes, electric car batteries are recyclable.
Q2: Are electric car chargers free?
A2: It depends on the charger and the location. Some electric car chargers are free, while others may require a fee.
Q3: Can electric car batteries be rebuilt?
A3: Yes, electric car batteries can be rebuilt with the right tools and knowledge.
