half of the investment that automobile company US Tesla will perform in Mexicowhich is estimated to range between 5,000 and 10,000 million dollars, will affect Mexican companies, as predicted this Wednesday Santander Bank.
If we calculate that it is 5,000 million dollars, being extremely conservative, half will be national content, 2,500 million dollars. And (of that amount), $500,000 will go to small and medium-sized businesses (SMEs), which is a very important amount,”
predicted the director of analysis and stock market strategy of the bank, Alan Alanis, to questions from EFE.
In this way, he explained, the large companies in the country would obtain benefits equivalent to about 80% of the investment made by the company of the American magnate. Elon Musk in the northern city of Monterrey, while around 20% would affect SMEs.
In a conference in which they discussed the installation of foreign companies in Mexico, a phenomenon known as relocation or “nearshoring”, bank analysts positively assessed the arrival of Tesla in the country due to its impact on the Mexican economy.
Alanis estimated that the investment made by Musk will range between 4% and 8% of the national gross domestic product (GDP).
This investment is larger than the three largest that had been made in the automotive industry in Mexico”,
stressed.
For his part, the executive director of international business, Rodolfo Hernández, pointed out that Mexican companies have sufficient quality to be suppliers of companies like Tesla, since in recent years they have invested in “processes, products and training.”
Companies are aware of the country’s situation and are willing to invest. Tesla is the best example, the conditions that Mexico offers can hardly be offered by another country and it will have benefits for SMEs and their employees, those that are going to be born and those that are already there”,
added.
Another of the interesting points that the investments of the automobile company will contribute, added Alanis, will be the “multiplier effect” that it will cause and that will have repercussions in the construction of houses, hospitals or schools.
After months of negotiations and controversy, last Tuesday the Mexican president, Andrés Manuel López Obrador, confirmed that Tesla will settle in the northern state of Nuevo León, where it will build its first automotive plant in Latin America.
According to the Undersecretary for Multilateral Affairs of the Mexican Foreign Ministry, Martha Delgado, the investment will be around 5,000 million dollars and it will be the largest electric vehicle plant in the world.
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