Tesla Chief Executive Elon Musk announced that Tesla had selected Mexico for its next 'gigafactory' with plans to produce a 'next gen vehicle.'
maker close to receiving its final permits allowing factory construction to begin in Nuevo Leon near the U.S.-Mexico border, the state's governor said on Monday.
Mexican officials have said the factory will be the world's biggest to produce electric vehicles, with investment worth $5 billion."That's why they bought a very large plot of land," he added. Garcia said the investment would act as an"anchor" attracting Tesla suppliers, and that the green light given to Tesla by Mexican President Andres Manuel Lopez Obrador — after the latter had expressed concerns over scarcity of water — sent a positive signal to other potential investors.
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