The business linking platform Automotive Directory generated the 3rd edition of the Electromobility Mapping in Mexico, which records the production of electric vehicles by OEMs, the investments focused on said sector by Tier 1 and Tier 2 in the country.

In the first three quarters of 2023, the platform detected 83 new investments related to electromobility, for 5,021 million dollars of investment in the country.

Of the total, 41 projects are located in the northeast, 20 specifically in Nuevo León, while the Bajío-Occidente accumulated 27 projects, 10 in Guanajuato and 7 in San Luis Potosí.

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By 2024, this trend will continue with the arrival of new assembly plants for electric and hybrid vehicles that will trigger opportunities for the supply of the Mexican automotive industry, consolidating its position as a producer of electric vehicles globally.

The Mexico, United States, Canada Agreement (T-MEC) with the promotion of the minimum regional content of 75% allows the country to continue capitalizing on the arrival of new investments that will be reflected in a wave of new industrial parks.

The production of electric vehicles in Mexico began in February 2020 when production of Ford's Mustang Mach-E began at its Cuautitlán Izcalli plant. General Motors, at the end of June 2023, began producing the Chevrolet Blazer EV, while JAC México, the third OEM that produces 100% electric vehicles in the country, has made adjustments to its production throughout 2023 at its Giant Motors plant.

Among the main automotive investments that electrify the country are those of BMW, with an investment of 872 million dollars that includes a high-voltage battery plant to produce electric vehicles in the state in 2027.

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Stellantis also announced that by the end of this year they would be starting the production of electric models of minivans and pick-ups, for which they are investing 200 million dollars in adapting their production lines in the country.

Toyota invested 328 million dollars in its Guanajuato plant, in order to produce the fourth generation of the Tacoma model, which includes its electric hybrid version.

By 2024, Volkswagen is expected to begin producing engines for electric vehicles at its plant in Silao, Guanajuato, while Audi has already taken a first step by producing hybrid versions of the Audi Q5 models and will announce in 2024 the integration of a fully electric version. of the Q5 at its Puebla plant.

And we cannot leave out the Tesla Gigafactory México in Santa Catarina, Nuevo León, which should formally begin construction in the first half of 2024 and which has 324,000 square meters contemplated, at least 9 suppliers on site at the beginning, and an investment of around 15 billion dollars just in the arrival of Tesla's Tier 1 and Tier 2 suppliers.

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