As the global market for electric vehicles continues to grow, China has solidified its position as a global leader.For decades, the Latin American nation has been a leading assembler of motorized vehicles. Mexico is now led by
For decades, the Latin American nation has been a leading assembler of motorized vehicles. Mexico is now led by a president with a PhD in sustainable energy engineering.
Claudia Sheinbaum supports Mexican companies that aim to design and build their own brand of EVs.
It is the right strategy to use Chinese batteries and motors, but their operation is very labour intensive. Even at low Mexico wage rates, a US manufacturer car can likely beat on price/quality/features.