Mexico will consolidate itself as a key player in the manufacture of electric vehicles for General Motors

During the first binational convention between Mexico and the United States, organized by The American Society of Mexico (AmSoc), Francisco Garza, president of General Motors Mexico, assured that a relevant moment is being experienced in Mexico due to the growth of commercial exchanges with the United States. , derived from the Treaty between Mexico, the United States and Canada (T-MEC). 

“At General Motors we are fortunate to be established in Mexico for more than 87 years of uninterrupted operation and we have become the most important producer and exporter in the automotive sector. Today, we employ more than 22,000 collaborators and we have a supply base of 623 companies”, he said.

Likewise, he highlighted that today they work very closely with different actors of the federal government in order to create a framework to accelerate the technological adoption of electric vehicles in the country and highlighted the visit of Foreign Minister Marcelo Ebrard to his complex in Ramos Arizpe, Coahuila , where the company executes an investment of more than 1,000 million dollars in the assembly line of electric cars by 2023. 

"The government needs to make regulations to the law that allow the development of renewable energy sources and thus continue to be a destination country for investment," he said. 

The automotive sector, engine of the economy in Mexico

The automotive sector has become the engine of the economy in Mexico. Today it contributes about 3% of the national Gross Domestic Product (GDP) and 25% of the manufacturing GDP, generates more than 1 million jobs and has been one of the industries that has brought the most foreign investment to the country.

Garza said that Mexico will consolidate itself as a relevant player in the manufacture of electric vehicles for General Motors , as it will also produce the Chevrolet Equinox EV SUV (electric) at the manufacturing plant in Ramos Arizpe, Coahuila, and will be exported to North America and Europe. as part of its electrification plan that will start in 2023.

This new investment will allow the generation of 1,500 formal jobs in the next five months, to start formal production operations, and will strengthen the Mexican supply chain. 

The announcement comes a few days after the automaker – nicknamed the Giant of Detroit – reported that the electric Chevrolet Blazer will be manufactured in the same factory in Coahuila, where the two units with combustion engines are currently assembled.