Auto parts maker Vimercati would invest US$200m to open a factory in the northern Mexican state of Nuevo Leon, Reuters reported.
State governor Samuel Garcia announced the plans on social media.
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The company, owned by India’s Viney Corporation, was yet to comment.
According to Reuters, Garcia tipped Nuevo Leon to become a global hub for EV manufacturing.
Tesla announced a $5bn factory in state capital Monterrey earlier this year and, in May, Garcia said Kia would begin production of new EV models at its plant in the state.
