Washington, Mar 1 (EFE).- The CEO of Tesla, Elon Musk, confirmed this Wednesday that the electric vehicle manufacturer will build an assembly plant in the Mexican town of Monterrey after reaching an agreement with the Mexican authorities.
The plant will be Tesla’s first car production plant in Latin America and the fifth in the world, after those it already operates in Fremont and Austin (United States), Shanghai (China) and Berlin (Germany).
The Mexican president, Andrés Manuel López Obrador, already announced on Tuesday the arrival of Tesla in Mexico. The Undersecretary for Multilateral Affairs and Human Rights of the Mexican Foreign Ministry, Martha Delgado, reported that Tesla will invest 5,000 million dollars in the plant.
Tesla’s investment would reverberate in companies in the country
Half of the investment that the US automobile company will make in Mexico, which is estimated to range between 5,000 and 10,000 million dollars, will affect Mexican companies, according to Banco Santander.
“If we calculate that they are 5,000 million dollars, being extremely conservative, half will be national content, 2,500 million dollars. And (of that amount), 500,000 dollars will go to small and medium-sized companies (SMEs), which is a very important amount”, predicts the director of analysis and stock market strategy of the bank, Alan Alanis, when asked by EFE.
In this way, he explained, the country’s large companies would obtain benefits equivalent to about 80% of the investment made by the company of the American magnate Elon Musk in the northern city of Monterrey, while around 20% would affect SMEs.
In a conference in which they discussed the installation of foreign companies in Mexico, a phenomenon known as relocation or “nearshoring”, bank analysts positively assessed the arrival of Tesla in the country due to its impact on the Mexican economy.
Alanis estimates that the investment made by Musk will range between 4% and 8% of the national gross domestic product (GDP).