Two Chinese Tesla suppliers will invest nearly $1 billion in the northern Mexican state of Nuevo León, where the automaker is planning a new factory, that region's governor, Samuel García, said during a trip Wednesday. to Shanghai.

The investment by the Ningbo Tuopu Group company will be about $700 million and that of Hesai Technology will be about $260 million, a state official said.

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Tesla announced in March that it would build a large plant in the state, which borders the United States and where it already has suppliers, in what Mexican officials described as an investment of more than $5 billion.

In a video recorded at the Tesla factory in Shanghai and uploaded to social networks by the governor, García reported that Ningbo Tuopu Group was looking to begin production at the end of the year in Nuevo León.

The companies did not immediately respond to Reuters requests for comment.

Ningbo Tuopu Group develops shock absorption products and other auto parts, while Hesai Technology produces LiDAR sensors, which use pulses of laser light to detect road hazards, for applications such as autonomous vehicles and robots.

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Tesla has not yet begun construction of the Mexican plant and its timeline for starting production is unclear. Its factory in Austin, Texas, is several hours away, north of the border strip between the United States and Mexico.

"We are very happy because everything seems to indicate that the Nuevo León site will be at least twice the size of the Austin site," García said, noting that Tesla already sources batteries, software and computers from Nuevo León.

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