Tesla’s plans to build a Gigafactory in Mexico have been in the works for months, and now it looks like an agreement is close to being finalized. Following two phone calls between Tesla CEO Elon Musk and Mexican President Andres Manuel Lopez Obrador, government officials are suggesting that a deal could be announced as soon as today.
The new factory is expected to be located in Santa Catarina, a municipality just outside of Monterrey in Nuevo León. However, President Lopez Obrador has been pushing for Tesla to build the factory in Mexico City, in a new business hub next to a new airport. After the two phone calls, it appears that the parties have come to an agreement.
The news comes just ahead of Tesla’s Investor Day, where the automaker is expected to explain how it plans to ramp up electric vehicle production to 20 million vehicles per year by the end of the decade. To achieve this goal, Tesla will need to build eight new Gigafactories, so more locations are expected to be announced soon.
The agreement between Tesla and Mexico is a major step forward for the automaker’s plans to expand its production capabilities. With the new factory, Tesla will be able to increase its production capacity and bring its electric vehicles to more customers around the world.
FAQ
Q1. When will electric cars be available in the UK?
A1. Electric cars are already available in the UK.
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Q3. Which electric car is the best?
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