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Mexico announces assembly of Tesla plant with US$5 billion investment

The US company Tesla, owned by tycoon Elon Musk, will install an electric car factory in the city of Monterrey (north), with an investment of about US$5 billion, the Mexican government announced Tuesday (28).

The company's arrival in Mexico was confirmed early Tuesday by President Andrés Manuel López Obrador, who said he sealed the deal with Musk during a telephone conversation on Monday.

"We brought Mexico an investment of more or less US$5 billion for the installation of the largest electric vehicle plant in the world," Martha Delgado, deputy foreign minister for Multilateral Affairs and . . .

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