Electric-car maker Tesla will build a factory in the northern Mexican city of Monterrey, ending doubts over whether the investment could be cancelled over conditions imposed by the government.
Mexico’s president Andrés Manuel López Obrador announced the new plant on Tuesday after conversations with Tesla chief executive Elon Musk, suggesting he had dropped earlier calls to redirect the investment to less industrialised parts of the country.
“It’s good news, yes, the company Tesla is coming,” the populist president said in his morning news conference. “The battery part is still on hold but [its] the whole auto plant, which I understand will be very big.”
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