Snubbed by Tesla, Mexicos 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 $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.”
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