Tesla predicts production to start at Mexico plant in 2026 or 2027
- September 11, 2023
- Posted by: Quatro Strategies
- Categories: Americas, EVs & Battery Technology
Tesla’s plans for a major new factory in Mexico may be pushed back to 2026 or 2027. A Chinese supplier revealed that they and several other Chinese companies may delay their operations near the future Tesla factory in Nuevo Leon due to the automaker’s slower-than-expected timeline.
Several sources had previously indicated that Tesla aimed to begin production in Mexico by 2025. However, Tesla has not officially announced a construction or production start date for the facility. Some estimates suggest construction might not begin until 2027.
This delay, if confirmed, could impact Tesla’s plans for expanding its production capacity and reaching new markets, particularly in Latin America. Mexico is seen as a strategic location for the company to serve both the local market and export to other countries in the region.
Tesla has not commented on the report or provided any updates on its Mexico factory plans. It remains to be seen how this potential delay might affect the company’s overall production and delivery targets in the coming years.
Interested in learning more?
Sign up for Top Insights Today
Top Insights Today delivers the latest insights straight to your inbox.
You will get daily industry insights on
Oil & Gas, Rare Earths & Commodities, Mining & Metals, EVs & Battery Technology, ESG & Renewable Energy, AI & Semiconductors, Aerospace & Defense, Sanctions & Regulation, Business & Politics.
Read more insights
France unveils ambitious plan to boost offshore wind capacity
France has announced an ambitious strategy to ramp up its offshore wind capacity, aiming to match the progress of neighboring nations in meeting climate targets. During a visit to Saint-Nazaire on the Atlantic coast, Finance Minister Bruno Le Maire unveiled a comprehensive plan to increase France’s offshore…
Australia gives clearance for gold miner Newmont’s $16.8 billion Newcrest Acquisition
Gold mining company Newmont Corp has received clearance from the Australian Competition and Consumer Commission (ACCC) to proceed with its proposed A$26.2 billion ($16.80 billion) takeover of Newcrest Mining. Under the deal, Newcrest shareholders would receive 0.400 Newmont shares for each share they own, implying a value of A$29.27 per share.
EU allocates €370 million for green hydrogen project in Italy’s Puglia region
European authorities have allocated up to €370 million ($400 million) to support the establishment of a ‘Green Hydrogen Valley’ in Italy’s southern region of Puglia. This initiative involves Italian energy company Edison (part of EDF Group), energy contractor Saipem, and Sosteneo SGR (the green…