Tesla’s arrival in Mexico could boost cross-border trade by $15B

[firsttruck]

Tesla’s arrival in Mexico could boost cross-border trade by $15B
New electric vehicle plant in Monterrey seen as accelerating nearshoring boom
March 21, 2023
By Noi Mahoney of FreightWaves (focused on the global freight market)
https://www.freightwaves.com/news/teslas-arrival-in-mexico-could-boost-cross-border-trade-by-15b

.....
“Tesla’s impact on Mexico can already be felt long before they actually open their Mexico gigafactory,” Jordan Dewart, president of logistics operator Redwood Mexico, told FreightWaves. “After Tesla’s move to Austin two years ago, many of their tier 1 and tier 2 suppliers either moved to Mexico to start new factory operations, or greatly increased the size and scope of current operations.”

.....
Once Tesla’s Monterrey factory comes online, it could boost the number of automotive suppliers it has in Mexico by four times more than the current total of around 127, according to officials.

.....
Foreign companies with ties to Tesla recently announcing new plants or expanding existing plants in Mexico include China-based Noah Itech, which recently broke ground on a $100 million production facility in Santa Catarina. The firm provides automation technology for automakers. Belgium-based AGP Group, which supplies glass to Tesla, also recently announced it is investing $800 million in a new facility in Santa Catarina, according to Mexico Now.

 

[CyberGus]

Tesla Mexico = “Texaco”?

 

[hridge2020]

Tesla Mexico = “Texaco”?

I can see some black market opportunities happening near the plant and border.

 

[SolarWizard]

Tesla Mexico = “Texaco”?

Shout out to the gas station in Back To the Future