Tesla Effect in Mexico: KIA to Build Plant in Nuevo León

The great alliance with the United States and Canada is positioning Mexico as an attractive territory for the development of electromobility. The announcement of the construction of a Tesla plant in the country is the starting point for other manufacturers to join.

One of them is the Korean automaker KIA, which will install a new electric vehicle production plant in Nuevo León. The announcement was made by the Governor of the State, Samuel García, who assured that the region will become the “next global electromobility hub“.

The governor of Nuevo León also advanced that, during his visit to Korea, he agreed with the Global Green Growth Institute (GGGI) on a $15 million dollar (263 million pesos) green transition program for micro, small and medium-sized enterprises (MSMEs).

“We signed a very important agreement because we are going to receive support of $10 million dollars -that’s 200 million pesos- for all SMEs that wish to transform from their status quo to a green or sustainable step,” he detailed.

Related content: Bogota Becomes Latin America’s Leading City for Sustainable Mobility

Range of Opportunities

According to the President, as a result of this program, small companies will be able to achieve zero net emissions, as well as being “green and sustainable”.

“There will be many opportunities to transform ourselves to electromobility and all these new sciences that generate wealth in a sustainable way,” said Garcia.

The governor embarked days ago on a tour through South Korea and Taiwan with the purpose of seeking new investments for Nuevo León.

This trip comes after the Mexican government confirmed in February that Tesla will install its next Gigafactory in Santa Catarina, in the northern state, which will be the first plant in Latin America and the largest in the world.

It is estimated that Elon Musk‘s company will make an initial investment of US$5 billion and generate between 35 and 40,000 formal jobs, according to Garcia’s statements. This will represent an increase in the average salary of the state’s workers of between 20% and 25%, the governor assured.

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