Volkswagen considers Mexico to build electric vehicle

Volkswagen considers Mexico to build electric vehicle

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Volkswagen is considering Mexico to stablish an electric vehicle plant in order to compete with Tesla Motors, General Motors and others, executives with the German auto giant said in a brief aimed to investors.

Officials revealed they are also studying a Chattanooga, Tennessee, location, where the company already has a plant, but some labor struggles have been present.

Meanwhile, Mexico has emerged as a major manufacturing hub for the global auto industry with its cheaper costs and easy access to U.S. plants. VW's plant in Mexico's Puebla state is the second-biggest VW factory in the world.

VW's decision looms as GM is set to roll out Bolt, a fully electric vehicle, later this year, and luxury EV maker Tesla is retooling to make the Tesla 3, its first mass-market vehicle, starting next year.