Pedestrians stroll previous the Tesla Motors official licensed automotive vendor retailer in Hong Kong.
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Tesla will construct a brand new plant in Monterrey, Mexico, and cling to a sequence of commitments to handle water shortage, the nation’s president introduced at a press convention Tuesday.
President Andrés Manuel López Obrador, or AMLO, as he’s identified, mentioned Tesla agreed to make use of recycled water on the plant all through the whole car manufacturing course of, even right down to the vehicles’ paint. He mentioned the corporate will reveal extra details about the brand new plant throughout its Investor Day occasion Wednesday.
AMLO mentioned he spoke to Tesla CEO Elon Musk on Friday and Monday.
“He was very responsive— understanding our concerns and accepting our proposals,” AMLO mentioned. CNBC translated the president’s remarks from Spanish to English.
AMLO mentioned the plant can be a substantial funding, and that it’ll end in “many, many jobs.”
Monterrey is an industrial metropolis close to the U.S.-Mexico border, and it has lengthy been thought of a frontrunner for funding from Tesla. The firm at the moment has two different automotive vegetation exterior of the U.S. situated in China and Germany.
“I want to thank Mr. Elon Musk, who was very respectful and understood the importance of addressing the problem of water scarcity,” AMLO mentioned.
Tesla’s Investor Day can be live-streamed on Twitter and YouTube from Texas Wednesday.
Source: www.cnbc.com