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Mexico joins EV market with first domestic car brand (newsus.cgtn.com)

submitted 1 month ago by Alsephina@lemmy.ml to c/worldnews@lemmy.ml

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For decades, the Latin American nation has been a leading assembler of motorized vehicles. Mexico is now led by a president with a PhD in sustainable energy engineering.

Claudia Sheinbaum supports Mexican companies that aim to design and build their own brand of EVs.

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[–] humanspiral@lemmy.ca 8 points 1 month ago* (last edited 1 month ago)

China's car are cheap because they have good robotics. This is hand placing and wiring batteries into a good looking car, but the body may have a lot of manual labour too.

US or Europe could manufacture a car with these specs for $20k. Even with more expensive batteries.

Though the US/EU being slow at making $20k or $30k cars does mean there is this market opportunity for this in MX.