After months of speculation, Tesla has finally settled on Mexico as the location for its next EV Gigafactory. The new facility will be located in Monterrey, Mexico, and is expected to bring a much-needed boost to the local economy.
President Andrès Manuel Lopez Obrador confirmed the news at a press conference, saying that Tesla had agreed to invest in Mexico and build the plant in Monterrey with a series of commitments to address the water scarcity issue.
The new factory will be located about 620 km southwest of Tesla’s current largest Gigafactory in Austin, Texas. This is important for localised production, as it reduces the distance travelled by parts for Tesla’s EVs to get to the factory for installation onto the vehicles. Many of the parts suppliers are likely to be located between the two factory locations, making it most cost-effective to produce vehicles at both locations.
The Texas factory was officially unveiled back in 2020 and completed construction in April 2022. By the end of the year, the factory was producing 3,000 Tesla Model Ys a week. This new facility in Mexico will help Tesla scale up its EV production at a global level.
The announcement comes just a day before Tesla’s highly anticipated investors day, where Elon Musk and the Tesla team are expected to present their Master Plan 3 for a fully sustainable energy future for Earth. This plan will include more details on various products, including the upcoming next-generation vehicle platform.
The next 24 hours will be quite exciting as Tesla unveils its vision for an electrified future. With the new Gigafactory in Mexico, Tesla is well on its way to achieving its goal of becoming a global leader in electric vehicle production.
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.
