Claudia Sheinbaum's administration is focusing on strengthening Mexico's domestic automotive industry by developing an affordable electric vehicle, called Olinia, to compete internationally.
Sheinbaum emphasized the importance of establishing local supply chains for electric vehicle components, stating, 'We are going to generate supply chains so that everything that is in the electric car is manufactured in the country.'
Mexico plans to leverage its domestic lithium supply for its automotive industry, crucial for battery production, highlighting a strategy to reduce reliance on imports.
The introduction of low-cost EVs like Olinia could disrupt the current market dynamics in Mexico, providing more competitive options against imports from other countries.
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