MEXICO CITY, Feb 28 — Elon Musk's electric carmaker Tesla will open a plant in northern Mexico, making a significant investment in the Latin American nation, Mexican President Andres Manuel Lopez Obrador announced today.
The factory was expected to be"very big" and would bring"a considerable investment and many jobs," he added. Tesla, which already has plants in China and Germany, as well as the United States, would announce more details soon, he added. At the same time it hopes to benefit from the"nearshoring" trend of US companies moving their production closer to home instead of to Asia.
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