In a monumental development, two of Tesla‘s esteemed Chinese suppliers have pledged a staggering investment of nearly a billion dollars in the Mexican state of Nuevo León, setting the stage for the forthcoming Gigafactory project. The announcement comes on the heels of Governor Samuel García Sepúlveda’s visit to Tesla’s Gigafactory in Shanghai, China, where he unveiled the ambitious plans.
The Investment Details
According to a report from a government official, Ningbo Tuopi Group and Hesai Technology are primed to infuse a combined total of $960 million into the Mexican venture. Nuevo León representative sources confirm that this substantial investment will be divided into $700 million from Ningbo Tuopu and $260 million from Hesai Tech. Governor García expressed his optimism, declaring, “We’re very happy because everything seems to indicate that the Nuevo Leon site will be twice as big, at least, as the one in Austin,” during his visit.
Creating Jobs and Industries
Ningbo Tuopi Group specializes in manufacturing shock-absorbing products, alongside other essential automotive components, while Hesai Technology is renowned for its production of lidar light sensors, a critical component in the development of robots and autonomous vehicles. Governor García further disclosed that Ningbo aims to kickstart production in the state by year-end. Moreover, he revealed that Tesla has already formulated sourcing strategies in Nuevo León for batteries, software, computers, and other crucial components, even though the physical construction of the factory is yet to commence. The officials estimate that Ningbo’s operations in Mexico will generate approximately 10,000 job opportunities, while Hesai’s activities are slated to create an additional 4,000 jobs.
Despite several attempts to seek comments from the companies involved, no response has been received as yet. This monumental development follows hot on the heels of Tesla securing the vital Environmental Impact Permits required to initiate construction on the Gigafactory. Recent sightings of construction equipment on adjacent roads in August also strongly indicate that the project is poised to commence in earnest.
Earlier this month, Tesla took a proactive step by formally urging Mexico to establish robust infrastructure plans leading to the site, encompassing vital elements such as energy, water, road, and railways. Upon its completion, the Giga Mexico plant is projected to be the epicenter for the production of Tesla’s highly anticipated sub-$30,000 vehicle, with manufacturing slated to kick off as early as the first quarter of 2025.
Back in March, Mayor Jesus Nava of Santa Catarina made waves by revealing that Giga Mexico will dwarf its Texan counterpart, Giga Texas, and exceed the size of the Mexico International Airport twofold.
Conclusion
The formidable investments pledged by Tesla‘s Chinese suppliers, Ningbo Tuopi Group and Hesai Technology, herald a new era of economic prosperity for Nuevo León. This billion-dollar infusion not only fortifies Tesla’s presence in Mexico but also lays the foundation for a cutting-edge Gigafactory that promises to revolutionize the automotive industry.
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SOURCE : TESLARATI
FAQs
What are the core specializations of Ningbo Tuopi Group and Hesai Technology?
Ningbo Tuopi Group specializes in shock-absorbing products and other essential automotive components, while Hesai Technology is renowned for its production of lidar light sensors used in robots and autonomous vehicles.
When is Ningbo Tuopi Group aiming to commence production in Nuevo León?
According to Governor García, Ningbo Tuopi Group is hopeful to initiate production by the end of the current year.
How many job opportunities are expected to be created by Ningbo’s and Hesai’s operations in Mexico?
Officials estimate that Ningbo’s operations will generate around 10,000 jobs, while Hesai’s activities are projected to create an additional 4,000 jobs.
When is the production of Tesla’s sub-$30,000 car anticipated to begin in Giga Mexico?
Production of Tesla’s highly anticipated sub-$30,000 car is slated to commence as early as the first quarter of 2025 upon completion of the Gigafactory.
How does the size of Giga Mexico compare to other significant structures?
Mayor Jesus Nava of Santa Catarina reported that Giga Mexico will surpass both Giga Texas and the Mexico International Airport, being more than twice the size of the former and double that of the latter.