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EV Maker Links To Invest $ 265 Million In Mexican Plant – By ASC


Link EV Electric Vehicles plans to build an assembly plant in the central Mexican state of Puebla with an investment of around $ 265 million.

Link EV Electric Vehicles, a unit of U.S. private energy company Citizens Resources, said on Tuesday it plans to build an assembly plant in the central Mexican state of Puebla with an investment of around $ 265 million.

Operations are expected to begin in the second half of 2022 with four production lines with a nominal capacity of 1,200 units initially, the company said in a statement. It will make minibuses, cargo and passenger vans as well as city buses, he said.

Puebla is home to one of Volkswagen AG’s largest plants worldwide, and Link said it chose the state because of its automotive industry, supply chain and skilled staff.

The link aims to create 400 direct jobs and 1,250 indirect jobs over the next five years with its operations in Puebla.

Outside of North America, the company has established business partners in Hong Kong and Barcelona, ​​Spain, he said.

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(This story has not been edited by NDTV staff and is automatically generated from a syndicated feed.)

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