Stellantis (STLA) will partner with Chinese battery manufacturer Contemporary Amperex Technology Co., or CATL, to open a EV battery factory in Europe. The au...
When they build Mexican factories, they will have to pay the same rates as any manufacture in Mexico. They don’t have some magic to saving money, they have cheap government funded inputs and low labor costs. American companies are more than capable of competing with them.
When they build Mexican factories, they will have to pay the same rates as any manufacture in Mexico. They don’t have some magic to saving money, they have cheap government funded inputs and low labor costs. American companies are more than capable of competing with them.
Mexico accounts for 25% of auto manufacturing. It is significant.