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Tesla is shifting its EV investment and market focus toward North America amid the US-China tension.
Abstract
Tesla plans to build its next gigafactory in Mexico (Giga Mexico) and aims to begin making EVs there in 2025. DIGITIMES Research believes with a location in proximity to the Tesla headquarters and a factory area as well as production capacity surpassing Giga Shanghai, Giga Mexico is an indication that Tesla is shifting its investments back to North America. Tesla's move is also bringing its Taiwan-based suppliers to Mexico.
Tesla currently has four gigafactories in operation, which are located in Shanghai, California, Texas, and Berlin. Giga Mexico will be its third facility in North America. As opposed to the annual capacity of 750,000 units at Giga Shanghai, currently the highest among all Tesla's factories, Giga Mexico is set to churn out one million EVs per year.
It also covers a ground area 20 times bigger than Giga Shanghai, making it hard to overlook Tesla's strong efforts to shift its EV business focus to North America.
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Price: NT$24,000 (approx. US$800)
