President Claudia Sheinbaum announced plans to strengthen Mexico’s electric vehicle (EV) supply chain in a bid to encourage domestic production and reduce dependency on imports. Speaking during a daily press briefing, Sheinbaum outlined the government’s vision to create a more self-sufficient EV industry by uniting local manufacturers and researchers.
“We are going to generate supply chains so that everything that is in the electric car is manufactured in the country and we import as little as possible,” Sheinbaum said, noting that Mexican companies have already been producing electric motors for years.
Sheinbaum revealed that Mexico has developed prototypes of domestically manufactured compact EVs, which she suggested could compete with models from India and China. While she did not disclose specifics, the President emphasized that Mexico’s compact EVs could provide a simpler and safer alternative to motorcycles, with the potential to support the country’s copper and lithium industries.
Former President Andres Manuel López Obrador previously declared lithium a national asset, though Mexico’s reserves are embedded in clay, posing extraction challenges. Sheinbaum noted that the government is investing in technology to make lithium extraction more feasible.
Source: Bloomberg
