Mexico’s government-backed EV launched
MXPE Weekly Essentials ft. import crackdowns, Canadian miner’s loss vs Mexico, and other highlights in Mexican politics, policy, and markets from the past week.
MXPE Weekly Essentials. Only the most important news in Mexican politics, policy, and markets from the past week.
Last week’s highlights:
Olinia—Many doubted it could be done with such a small budget and in so little time, but the Mexican government-backed electric vehicle (EV), Olinia, was presented yesterday by president Claudia Sheinbaum, as promised, on the eve of the World Cup.
The boxy vehicle is not meant to compete with Chinese or US EVs, like BYD or Tesla, but rather it is to be in a category of its own:
