Home Auto Tesla to Invest US$5 Billion in Plant in Mexico

Tesla to Invest US$5 Billion in Plant in Mexico

FILED - April 21, 2020, Hangzhou, Hangzhou, China: ZhejiangCHINA-Customers buy electric cars at a tesla store in hangzhou, east China's zhejiang province, April 21, 2020...On the same day, tesla began to broadcast live activities on an e-commerce platform for eight days in a row. During the broadcast, tesla will give out rights such as children's electric car, 48-hour test drive right of Model 3 and charging coupon. This is tesla's latest move after it announced last week that it would open an official flagship store in a Chinese e-commerce platform...It is understood that due to the impact of COVID 19 epidemic on offline consumption, tesla has maintained the popularity with users through online live broadcasting since February this year. Some auto industry experts said that at present, the global enterprise digitization process is accelerating comprehensively, tesla cooperated with the third-party e-commerce platform, which will increase tesla's touch points in the e-commerce digital market. (Credit Image: © SIPA Asia via ZUMA Wire Photo: Longwei/SIPA Asia via ZUMA Wire/dpa

US electric car manufacturer Tesla will invest about $5 billion in building a plant in Mexico, Martha Delgado, the Latin American country’s deputy secretary for multilateral affairs, said on Wednesday.

“We attracted about $5 billion to build the world’s largest electric car plant in Mexico,” Delgado tweeted, adding that the construction of the plant was the result of 14 months of work.

She also said that Mexico would continue to cooperate with Tesla.

On Tuesday, Mexican President Andres Manuel Lopez Obrador said that Tesla would build its plant in the city of Monterrey in the Mexican state of Nuevo Leon.

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