Ebrard confirms Tesla’s interest in building a plant, at AIFA? – The financial

Foreign Minister Marcelo Ebrard confirmed this Wednesday that Teslaowned by magnate Elon Musk, is interested in investing in Mexico, and could settle in Monterrey or next to the new Felipe Ángeles International Airport (AIFA).

”Yes, it does have (interest). We have been working with them for a year and a halfbut I do not want to make any announcement because it corresponds to them, but we have been working for a year and a half”, he admitted in the framework of the presentation of the Diagnosis and Recommendations for the Transition of the Automotive Industry in Mexico.

Ebrard claimed that Tesla found during the COVID-19 pandemic that “Mexico is a trustworthy country” and that it respects intellectual property, for which reason he recalled that there are 127 plants in Mexican territory that produce substantive parts for the company.

“In other words, Tesla is already in Mexico. Now, probably, another investment will come, but hey, we are going to wait for them to say so, ”he insisted.

However, the official did not specify whether the investment will be in Nuevo León, a state bordering Texas, or near AIFA, the president’s flagship project. Andres Manuel Lopez Obrador inaugurated in 2022 to supply Mexico City.

“No, I can’t say that. Tesla has to say it”, he remarked.

Musk has his ‘eye on’ Mexico’s lithium

According to national media, one of the main characteristics that Musk sees in Mexico to build a Tesla production factory is the lithium reserve in the country.

According to information from the Mineral Commodity Summaries of the United States Geological Survey, Mexico is in the overall top 10 in terms of lithium natural capital, with 1.7 million tons of potential reserves.

During his conversation with the media, Ebrard recalled the importance of the automotive industry for the country’s economy, which represents more than 3 percent of the Gross Domestic Product, more than any other industrial sector.

“We are talking (of) more than a million people who work in the automotive industry,” he remarked.

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