For decades, the Latin American nation has been a leading assembler of motorized vehicles. Mexico is now led by a president with a PhD in sustainable energy engineering.
Claudia Sheinbaum supports Mexican companies that aim to design and build their own brand of EVs.
China’s car are cheap because they have good robotics. This is hand placing and wiring batteries into a good looking car, but the body may have a lot of manual labour too.
US or Europe could manufacture a car with these specs for $20k. Even with more expensive batteries.
Though the US/EU being slow at making $20k or $30k cars does mean there is this market opportunity for this in MX.