Mexico City, Mexico — General Motors has announced a $1 billion USD investment to produce electric cars in Mexico. The auto company says that they intend to build electric models in Ramos Arizpe, Coahuila in 2023.
Construction on the new facilities has already begun. General Motors plans to start the production of batteries and electrical components during the second half of 2021.
In a statement, the auto company said the investment will be allocated to the construction of a high-tech paint plant which they are hoping will begin operating in June at the Ramos Arizpe site. That site currently assembles conventional internal-combustion vehicles including the Chevrolet Equinox and Blazer models, along with engines and transmissions.
“We are grateful to the federal government and the government of Coahuila for promoting this investment. This is great news to continue celebrating GM’s more than 85 years in Mexico and show our commitment to the country,” Francisco Garza, President and CEO of General Motors Mexico said in a statement.
“I’m sure this investment will contribute to continue boosting Mexican manufacturing while bringing development to the region, the industry and the country,” he added.
Currently the Ramos Arizpe plant employees 5,600 people. The automaker already makes electric vehicles at four locations in the United States and Canada.