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Electric-car maker Tesla Inc. plans to build a manufacturing plant in the northern Mexican industrial hub of Monterrey, President Andrés Manuel López Obrador said Tuesday.
López Obrador, who spoke several times in recent days with Tesla Chief Executive Elon Musk, added at his morning press conference that details of the investment would be made known Wednesday.
"This will mean a considerable investment, and many jobs," he said.
López Obrador said that Tesla agreed to a series of commitments to address water-shortage problems in Monterrey, including the use of recycled water in the manufacture of electric vehicles. "They are going to help," he said.
Tesla didn’t immediately respond to a request for comment.
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