March 3

Tesla to Invest $5 Billion in Mexican EV Gigafactory

Battery and electric vehicle (EV) manufacturer Tesla has announced the development of a $5bn plant in Mexico. This makes the company the second to announce large-scale battery production in the country, in pursuit of the US’s Clean Vehicle Credit scheme.

The plant will be built near the city of Monterrey, Mexico’s President Andrés Manuel López Obrador announced on Tuesday.

Photo courtesy of Pixabay.

Source: Power Technology (link opens in a new window)

Energy, Technology, Transportation
electric vehicles, manufacturing, scale, transportation