ArenaEV.com ArenaEV.com

Facebook

Twitter

Instagram

RSS

Settings
Units
Power
Standard
Consumption
Currency

Log in

Login

I forgot my password
Sign up
ADVERTISEMENTS

Tesla to build new Gigafactory in Monterrey, Mexico

  • Post your comment
  • Comments (1)

Max McDee, 28 February 2023

Tesla

Elon Musk is probably fuming at this very moment but the cat is well out of the bag - the president of Mexico just ruined the surprise announcement Musk was hoping to make tomorrow at the Investor Day. President Manuel López Obrador couldn’t wait and celebrated the future Gigafactory in Monterrey, northern Mexico.

We are hearing left and right that Tesla is going to make a major announcement tomorrow. This morning Elon Musk was reportedly on the phone with the President of Mexico. It didn’t take long though, López Obrador made an official statement and confirmed that Tesla is indeed going to build a Gigafactory in Monterrey.

Tesla to build new Gigafactory in Monterrey, Mexico

It goes against earlier comments made by the Mexican president, who claimed there was no way for Tesla to bring its manufacturing to Nuevo Leon state in northern Mexico due to local water shortages. He explicitly assured locals that no water-hungry factories will be allowed in the state.

That phone call this morning was apparently all the President needed to change his mind. Elon Musk, according to the President himself, assured the factory will only use recycled water and offered undisclosed help in addressing the water issues.

At this stage it is too early to say what the Gigafactory will produce but the rumors are rife. It can be any of the Tesla electric cars but what makes the most sense is the upcoming Model 2. If Tesla really wants to sell it for less than $30,000 it will have to keep its costs as low as possible and the Mexico plant can be the perfect solution.

Tesla to build new Gigafactory in Monterrey, Mexico

Understandably, Mexico and Monerrey specifically, have great reasons to celebrate. Gigafactory will mean jobs, it will mean more development in already industrialized Monterrey. The Mexican government is already building a new pipeline to bring the water directly from a dam 100 km away (60 miles) which should prevent a repeat of last summer when homes in the area went without water for weeks.

Estimated at $10 billion investment in Monterrey means Tesla will have its third factory outside the US. Monterrey is only 383 miles from Giga Texas which makes the logistics extremely easy. The Mexican government already confirmed it will match any incentives offered to Tesla in the US for building an EV factory. It all looks like a win-win situation and we are sure to hear more details tomorrow.

Source

Related articles
  • Tesla slams brakes on rumor of hiring ex-Cruise executive Tesla slams brakes on rumor of hiring ex-Cruise executive
  • Tesla shakes up leadership as sales are tumbling Tesla shakes up leadership as sales are tumbling
  • Tesla under fire in France for "deceptive" practices amidst sales slump Tesla under fire in France for "deceptive" practices amidst sales slump
  • Tesla’s refreshed Model Y Performance breaks cover ahead of launch Tesla’s refreshed Model Y Performance breaks cover ahead of launch

Reader comments

?
  • Anonymous
  • T1w
  • 02 Mar 2023

Mexico was the obvious choice, despite rumours about Ontario. Cheaper labour, fewer regulations, weaker unions...

  • Reply
  • Read all comments
  • Post your comment
Total reader comments: 1

  • Home
  • Compare
  • News
  • Terms
  • Reviews
  • About us
  • Tesla
  • Volkswagen
  • Audi
  • Porsche
  • BMW
  • Mercedes
  • Hyundai
  • Kia
  • Genesis
  • Renault
  • Nissan
  • Ford
  • Volvo
  • Polestar
  • Jaguar
  • Toyota
  • Mazda
  • Mini
  • MG
  • Vinfast
  • Lucid
  • Rivian
  • Cadillac
  • Chevrolet
  • GMC
  • Subaru
  • Nio
  • Xpeng
  • BYD
  • [..]

EV finder

ADVERTISEMENTS

Latest models

  • ModelXiaomi
    YU7 Max
  • ModelNissan
    Leaf 75kWh
  • ModelTesla
    Model S Plaid
  • ModelNissan
    Micra EV 52kWh
  • ModelTesla
    Model X Plaid
  • ModelGenesis
    GV60 Performance AWD

Featured

  • Can hydrogen fuel cells replace EV batteries? Can hydrogen fuel cells replace EV batteries?
  • NCM, NCA, LFP, solid-state - EV battery chemistry explained NCM, NCA, LFP, solid-state - EV battery chemistry explained
  • EV vs ICE - differences and similarities EV vs ICE - differences and similarities
  • Peugeot e-208 tops 84 cars in ADAC's 2024 Ecotest, Model 3 ranks fourth Peugeot e-208 tops 84 cars in ADAC's 2024 Ecotest, Model 3 ranks fourth
  • Have electric cars gone power crazy? Have electric cars gone power crazy?
ADVERTISEMENTS

Reviews

  • Volkswagen ID.4 GTX review Volkswagen ID.4 GTX review
  • Volkswagen ID.7 Pro review Volkswagen ID.7 Pro review
  • Maserati Grecale Folgore review Maserati Grecale Folgore review
  • Hyundai Ioniq 6 LR AWD review Hyundai Ioniq 6 LR AWD review

Home News Compare About us RSS feed Facebook Twitter Instagram

© 2022-2025 ArenaEV.com Mobile version EV Finder Glossary Privacy Terms of use

From the team behind
GSMArena.com