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Mexican Cars

Snubbed by Tesla, Mexican govt pledges to create affordable electric car

Snubbed by Tesla, Mexico's new president pledged Friday to create a Mexican-made small, affordable electric car to compete with vehicles imported from China. President Claudia Sheinbaum said Teslas were too onerous, or expensive, for the Mexican market anyway. Tesla's cheapest car, the Model 3, costs about USD 30,000. Tesla CEO Elon Musk said in July the company had paused plans for a plant in Mexico, citing Donald Trump's remarks about possible auto tariffs. Sheinbaum said her government will try to bring together Mexican companies and researchers to produce a compact, cheap electric car. The idea is to use Mexican companies and Mexican researchers' ingenuity, to bring them together to assemble this electric car, Sheinbaum said. The idea is to create production chains so that this entire electric car is made in our country. She cited electric vehicles from China and India some of which are already flooding into Mexico as examples. Small electric motorbikes from China have flood

Snubbed by Tesla, Mexican govt pledges to create affordable electric car
Updated On : 12 Oct 2024 | 7:42 AM IST

US polls: Trump threatens 100% tariffs on Mexican-made cars by China firms

Trump addressed Chinese President Xi Jinping directly during a rally speech in Dayton, Ohio on Saturday when threatening the tariffs

US polls: Trump threatens 100% tariffs on Mexican-made cars by China firms
Updated On : 17 Mar 2024 | 7:51 AM IST

Why Trump tariffs on Mexican cars might not work

US carmakers plan to manufacture almost 1 mn more cars in Mexico by 2022

Why Trump tariffs on Mexican cars might not work
Updated On : 12 Jan 2017 | 2:38 AM IST