Stellantis, the giant auto company, may invest billions of dollars in EV manufacturing facilities in Mexico. The company may renovate a plant where it will produce hybrid and purely electric vehicles, as reported by Teslarati.
However, the plans have not been finalized yet and can change. Stellantis spokesperson Shawn Morgan said the company invests continuously in all its facilities worldwide. “We invest regularly in plants all around the world to upgrade in terms of process, vehicle production or adapt to electrification as part of our $35 billion investment in electrification and software announced during our EV Day one year ago.”
Meanwhile, Stellantis executives have held meetings with Mexico’s key officials, including President Andres Manuel Lopez Obrador. Both parties discussed EV production and how to strengthen the company’s Mexican supply chain. Stellantis was concerned about getting enough electricity for the plant.
One of the critical considerations for Stellantis would be not missing out on the US’ EV incentives, as one of the requirements is being made in America. However, the policy’s wording does not explicitly mention that EVs must be made in the US.