Tesla, led by Elon Musk, has made its first significant investment in Mexico, purchasing extensive land for the construction of a gigafactory in Santa Catarina, Nuevo León.

The president of the Mexican Association of Private Industrial Parks (AMPIP), Sergio Argüelles, indicated that the electric vehicle company acquired 1,200 hectares, confirmed by the President of Mexico and that of Tesla.

Check here: Solili Industrial Report November 2023, construction of 590 thousand m² of industrial space begins

The Gigafactory will implement Tesla's Unboxed Process production strategy, which seeks efficiency by building all parts of the vehicle on the same assembly line.

The Government of Nuevo León has been finalizing the agreement with Musk, with an initial investment estimated between 800 million and 1,000 million dollars. However, this could escalate to 10,000 million dollars.

According to Hipertextual, of the land acquired, only 40 hectares of the 1,200 will be dedicated to the plant, where it is estimated to generate 6,000 new jobs.Tesla Manufacturing Mexico, a subsidiary company, presented the environmental permits in early August; seeks to invest more than 5 billion dollars.

Of interest: Solili Industrial Report November 2023, construction begins on 590 thousand m² industrial

The purchase of land for Tesla's gigafactory in Mexico is a crucial step in the company's international expansion and a strong boost for the Mexican economy and automotive sector. This investment by Tesla will not only create jobs and foster technological development, but will also position Mexico as a key player in the electric mobility industry and the growing phenomenon of nearshoring.

In Solili you can consult industrial warehouses available in Saltillo and Reynosa

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