Tesla Mexico Plant Means $10 Billion Investment, Garcia Says
- Nuevo Leon Governor Samuel Garcia speaks in an interview
- Plant to require investment in several phases, Garcia says
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Tesla Inc.’s Mexican plant will probably require $10 billion in investments in several phases, a game changer for the Nuevo Leon state where it will be based, as global companies rush to relocate to the country’s north, Governor Samuel Garcia said.
Tesla picked Nuevo Leon, Mexico’s industrial cluster hub close to the Texan border, because of its lower costs, availability of workforce and presence of key parts suppliers, beating rival offers from Germany, the Netherlands, Colombia and Indonesia, among other countries, Garcia said in an interview. The announcement will work as an anchor to attract other foreign investments, he said.