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EV Maker Link to invest $265 million in Mexican factory

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



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Link aims to create 400 direct jobs and 1,250 indirect jobs over the next 5 years with its operations in Puebla

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

Operations are expected to start 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 would make minibuses, cargo and passenger vans as well as city buses, he said.

Puebla is home to one of the largest Volkswagen AG plants in the world, and Link said he chose the state because of its auto industry, supply chains and skilled workforce.

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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