Emmanuel Loo News Today

Washington fears that Chinese cars may be able to come over the southern border with zero tariffs under the United States-Mexico-Canada Agreement.

“It used to be that companies talked more about location, but now energy and water are key,” says an official with the state of Nuevo Leon.

President and founder of Commodities Integrated Logistics participated in the 17th Annual China International Logistics & Supply Chain Fair in Shenzhen, China.

CM Yogi Adityanath said that it was very important for Uttar Pradesh that the governor of Nuevo Leon along with his team was exploring possibilities of industrial investment in the state. Uttar Pradesh had also become the best investment destination for the world under the guidance of the Prime Minister Narendra Modi.

Today we have received a conflicting rumor suggesting Tesla is eyeing Mexico City rather than Nuevo Leon for the EV maker's Mexico plant. Although citing high-ranking Mexican officials, the new report still contains some far-fetched claims suggesting Tesla chose the site in order to utilize a new airport to export vehicles using planes.

Last month we received reports suggesting Tesla has chosen Mexico as the site for the company's next Gigafactory and that the EV maker is only days away from making the announcement. However, today in a statement made to Nikkei Asia, Emmanuel Loo, the deputy secretary of economic development for Nuevo Leon confirmed that a deal hasn't been reached.

Reports about Tesla's potential facility in Mexico emerged last year after CEO Elon Musk visited the area and met with officials.