In the framework of investor day, the Tesla company, through its spokesperson Elon Musk, finally announced the installation of a new company plant in Mexico, which confirms that it will be the first installation of this company outside the United States, Germany and China. As Musk well explained, it is not about the transfer of production but about an expansion of production of all existing factories.

Monterrey was selected for this to install the gigafactory and specifically it will be located on the Santa Catarina submarket where an initial investment of 4.5 billion dollars is estimated.

Check here: Solili Industrial Report February 2023, 630 thousand m² starts construction on the first bimester

Santa Catarina is located to the west of the center of Monterrey and is an obligatory step for those who travel from the Ramos Arizpe submarket  in Coahuila. On the El Carvajal Ranch and the El Jonuco community are the 194 hectares of land that will be used to establish this innovative electric car plant.

An investment of this nature focused on electromobility will change the rules of the game in the automotive sector in the immediate future and in the medium term, allowing both Santa Catarina and the rest of the submarkets that make up Monterrey to have an impact on gross industrial demand in 2023 and the years to come.

But it will be on Santa Catarina where the greatest impact is triggered as it is in the immediate radius of influence of this new vehicle plant.

According to figures from the Solili platform, at the end of 2022, the accumulated gross industrial demand in Monterrey exceeded 1.8 million square meters, positioning itself as the market with the highest demand nationwide. The submarkets where the highest percentage of demand was accumulated were Salinas Victoria with 26% and Apodaca with 22%.

The Santa Catarina submarket accumulated throughout 2022 a gross demand for industrial buildings of just over 200,000 square meters, ranking fourth in warehouses in the Monterrey market. The demand for warehouses covered sizes ranging from 2 to 68 thousand square meters, although the most demanded are in the range of 5 to 10 thousand square meters.

Although the construction of this important factory, being a vehicle assembly plant, is not recorded in Solili's statistics, the large number of suppliers of products and services that make up this productive ecosystem do. The advantage that Santa Catarina entails is associated with the availability of land that this submarket still has, so we will see ample activity in the coming quarters.

Some suppliers that recently confirmed their investments in Nuevo León as Tesla suppliers are AGP Glass, Noah Itech, Brembo, and Quanta Computer. AGP Glass is the high-tech automotive glass production firm that in recent days confirmed the investment of 800 million dollars in a plant that would also be located in the Santa Catarina corridor.

Of interest: Location and suppliers of Tesla's Gigafactory Mexico

For its part, the Chinese firm Noah Itech in early January 2023 laid the first stone for its first factory in Mexico where it plans to invest 100 million dollars in the production of automation equipment. This company will also be located in Santa Catarina in the Vynmsa Industrial Park.

The Italian multinational Brembo, leader in the manufacture of disc brakes for vehicles, also joins the group of companies that are building new industrial buildings in 2023, expanding its operations from its current location on the Escobedo Industrial Park.

Quanta Computer México, the manufacturer of components for electric cars, also estimated an investment of 130 million dollars for the expansion of its plant located in the Avante Industrial Park in the Monterrey submarket.

There is no doubt about the impact that this new investment generates for the entity of Nuevo León, for Monterrey and specifically for Santa Catarina since the demands for housing, transportation and services will be key as public and private policies to allow a sustained advance of development in the entity.