US and Mexico announce massive cooperation
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Mexico and the United States plan to take advantage of the Biden administration's massive investment in semiconductor production to push the integration of their supply chains and cooperate on expanding the production of electric vehicles through Mexico's nationalized lithium industry, officials from both countries said Monday Both efforts seek to eat into Asia's advantage in semiconductors and batteries needed for electric vehicles and promote North American production. They were among the main topics discussed within and on the sidelines of the two countries' High-Level Economic Dialogue in Mexico's capital.
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The $200 million facility is expected to be operational in 2025, creating about 65 jobs.
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