Cheaper labor, a “broad-based car supply chain,” and access to the North American free trade deal USMCA, all sweeten the pot, the report said. Four Chinese electric vehicle companies are looking to set up shop in Mexico, according to the Financial Times.
(Bloomberg/Qilai Shen) Bloomberg — China’s Contemporary Amperex Technology Co. Ltd., the world’s biggest maker of batteries for electric vehicles, is considering at least two locations in Mexico for a manufacturing plant to potentially supply Tesla Inc. (TSLA) and Ford Motor Co. (F).
During the period, revenue from batteries and related items business amounted to Rmb11.5 million, representing an increase of 9.7% over the year-ago period. The increase in revenue from batteries was contributed by the 19.4% growth rate in the Chinese market and 0.3% overseas.
Wang Xiaoshen, chief executive of Ganfeng Lithium, said the Mexican facility could recycle batteries from Tesla cars as well as Chinese electric buses in use across Latin America, from Santiago in Chile to Medellín in Colombia.
LEOCH® Chairman, Dong Li, announces new battery manufacturing plant in Mexico will be fully operational by year's end. September 21, 2023: LEOCH’s new battery assembly plant in Mexico will be operational by the end of this year, owner and chairman Dong Li has told Batteries International.
Contemporary Amperex Technology Co Ltd is mulling accelerated overseas expansion, as the Chinese battery giant is planning at least two locations in Mexico for a manufacturing facility to potentially supply Tesla and Ford Motor. The Ningde, Fujian province-based company is contemplating an investment of as much as $5 billion in the new plant.
Energy China debuta en México y Rusia
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