Link EV will invest $ 265 million to build an electric car plant in Puebla

With a $ 265 million investment, the North American company Switch EVin partnership with Chinese carmaker EV Dinamics and the Spanish QEV Technologies specialist in electromobility, will install the first plant for last-mile electric vehicles and urban transportation in Mexico to instantly serve the local market and Latin America, as well as North America.

Sergio de la Vega, CEO of Link EVa subsidiary of Citizens Resources (energy transition company) explains to The Economist that the bet is starts production in Puebla this year“maximum at the beginning of 2023, because the demand for electric vehicles is high” in Latin America, due to the replacement of combustion units to sustainable energy.

The Latin American market was served with imports from Asia, in Hong Kong where the plant for these commercial vehicles is located, but given the high cost of sea freight from the East, the decision has now been made to choose Mexico as the manufacturer for America. , via Switch EVde la Vega highlighted in an interview.

The factory will be installed in Puebla, close to the plants of Volkswagento take advantage of the local supply and supply chain, which enables Mexico to assemble 4,000 electric commercial and passenger vehicles.

“Our plan is to build a first plant to manufacture the models, for which we are getting greater demand in the market. The idea is to do it relatively quickly because the demand is there. The need to serve these markets is not an issue for three or five years, but for this and the next. We have designed manufacturing processes that can allow us to be at the end of this year, which will depend on global supply chains, ”he said.

A few minutes ago, the governor of Puebla, Miguel Barbosaconfirmed the company’s investment Switch EV Electric vehicles, which will generate 400 direct and 1 200 indirect jobs throughout the project.

Switch to EV electric vehicles is part of Citizens Resourcesa North American company based in Boston, Massachusetts, with over 40 years focused on electric mobility solutions: vehicles, service and electric charging network.