GM Announces Investment of more than $1 Billion to Produce Electric Vehicles in Mexico

General Motors of the United States announced on Thursday (29th) that it will invest more than US$1 billion in the production of electric vehicles in Mexico.

“CNBC” reported that GM had previously confirmed that it had invested billions of dollars in the United States and Canada. On Thursday, it was the first to announce the production of electric vehicles at the Ramos Arizpe plant in Mexico.

GM said that the plant will produce at least one electric car from 2023, but declined to say which model it is. The plant and its supporting facilities currently produce Chevrolet Equinox and Chevrolet Blazer, including engines and gearboxes.

General Motors Ramos Arizpe has begun construction work on its new facilities within the Complex, where GM brand electric vehicles will be produced from 2023. Likewise, batteries and electrical components will be produced, starting during the second half of 2021 with the manufacture of “Drive Units”, the propulsion system that powers electric vehicles.

“We are very proud to contribute to the realization of GM’s Vision of Zero Collisions, Zero Emissions, Zero Congestion, contributing to the manufacture of electric vehicles,” commented Francisco Garza, President and CEO.

“We trust that the necessary economic conditions will be met so that eventually the Complex can grow the workforce one more shift in some operations. We are grateful to the Federal Government and the Government of Coahuila for promoting this investment. This is great news to continue celebrating GM’s more than 85 years in Mexico and to show our commitment to the country. ”

General Motors‘ investment in Ramos Arizpe will also include improvements to the Complex’s general infrastructure, such as materials, dining rooms, medical services, and recreational spaces, among others.

“GM Ramos Arizpe celebrates 40 years since it was inaugurated and since its inception it was extremely relevant for the corporation, emblematic vehicles have left our production lines such as Chevrolet Celebrity, Century, El Camino and Chevy, among several others,” said Alicia del Valle, Executive Director of the Ensamble Ramos Arizpe Plant. “This Manufacturing Complex has fostered the development of talent and suppliers in the region and we are very happy to receive the new project that brings the future to the present.”

GM Ramos Arizpe will continue to produce Chevrolet Equinox, Chevrolet Blazer; as well as Engines and Transmissions. It currently has 5,600 employees directly and in addition to production for the domestic market, it exports to more than 40 countries.

International Energy Agency (IEA) predicted that a total of 145 million electric vehicles will be distributed around the world by 2030 through this report.

The IEA predicted that if governments in particular strengthen their efforts to respond to climate change, it could increase to 230 million units.

The IEA analyzed that about 3 million electric vehicles were newly registered last year alone, an increase of 41% from the previous year, and that the number of electric vehicles already distributed worldwide exceeded 10 million.