General Motors Co. Although the stock has a success, the big three vehicle manufacturer insists that its successful electric vehicle (EV) will not be expelled from Mexico.
“At this time, there is no plan to stop or relocate our EV models made in Mexico,” said GM. D Mexico’s EV
The director of Brightrope Mexico (GM Sub -Company, which focused on the creation of an attached product for the first and last mile distribution customers, said the success of the EV sector is possible.
NCiso said that the production of 100% EV models and Ecvinox, Blazer and Cadillac Optical Models will continue at the company’s factory in Ramos Arisbay’s Ramos Arisbay.
“Additional models like spark can be built here,” he said. Chevrolet Spark EV was made in South Korea until production was stopped by 2022.
Enciso agreed that the company was studying The impact of American charges And analyze action plans for all possible views.
“But now, the headquarters should definitely be in terms of production,” he said, adding that the demand for EVs in the United States is increasing so that some production in Mexico will be exported to the United States.
A concern for exposure to Mexico
GM’s shares in this year’s trade are more than 17%, and the UPS has reached the shares of the US automotive manufacturer on April 10, while the stock price target has been reduced to US $ 51. GM’s stock fell to US $ 44 as trade opened on April 21.
Citing the Bank of Bank of Bank of Analysts, the CNBC said that at the end of March, the difficulties of the GM would be exposed to the number of vehicles imported by vehicle manufacturer to the United States, especially to Mexico.
More than 16% of GM vehicles sold in the United States last year assembled in Canada and Mexico, CNBC said. It refers to the largest share of any country in terms of import, it is twice as much than the shares of South Korea and Japan, which is second and third, respectively, according to the Global Data.
Barclays analyst Dan Levi CNBC has heavily relied with GM Mexico and South Korea to produce some small shortcuts, including its Ecuinex and Blazer vehicles.
GM is scheduled to announce its first quarter results on April 29.
Based on the already imposed fees, UPS predicts a complex situation for GM, predicting that the price of GM cars sold in the United States will rise to $ 4,300.
With reports from MilliniumOvarian Market monitoring And CNBC
