Volkswagen considers Mexico to build electric vehicle
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.