Mexico City – Uncertainty about where gasoline prices are going in Mexico this year may push more motorists to look for alternatives – such as the product of Carlos Slim’s new venture. A made-in-Mexico electric vehicle designed by Giant Motors – part of Slim’s financial conglomerate Inbursa – could hit the roads in a year’s time.
The vehicle will be manufactured through a collaboration with Moldex, a subsidiary of the world’s largest bakery, Bimbo, and the Monterrey Institute of Technology (ITESM).
Giant Motors, which last week announced a new venture with Chinese auto maker JAC Motors, expects to have a working prototype ready late this year, and could launch it commercially next year.
The automotive firm anticipates introducing its vehicle as an electric taxi in cities such as the country’s capital, to which end it will look for government funding and collaboration to help promote it as an environmentally-sound alternative.
Moldex has been building light-duty electric trucks for its parent company for more than two years at its State of México plant. As of last summer, Bimbo had 320 units in service as delivery vehicles.
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