Audi may announce plans to build electric vehicles at its plant in Puebla, Mexico, later this month. The production facility is currently the site where it assembles the Q5, its best-selling vehicle in the U.S.
As part of the Volkswagen empire, Audi is being called upon to participate in the automaker’s electric revolution. The brand plans to go all-electric by 2035, and the Mexican facility is its only plant in North America.
Unnamed sources say that electric vehicle production will start soon and that an announcement regarding production in Mexico will be announced on July 18, reports Reuters. They say that top management will head out to the facility to announce a major investment, likely to prepare for the new vehicles.
Read: Audi Considers Opening First U.S. Plant To Get EV Tax Credits
However, Audi has denied the reports, saying that it has no plans to make an announcement and that it cannot confirm the business trips of its employees. It did confirm that it plans to make at least one EV at every one of its plants by 2030, including Mexico.
Separately, Mexico’s president, Andres Manual Lopez Obrador, said in June that more investments were expected in Puebla’s automotive industry in the near future. It was not clear how large those investments would be.
In addition to Audi, Volkswagen also operates a plant in the Mexican state of Puebla. Last year, it announced a $7 billion investment in its North American production facilities. At least a portion of that investment will go toward the production of electric vehicles, which has already commenced in Chattanooga, Tennessee.
Reports previously indicated that Audi is considering building a plant in the U.S. to take advantage of the Clean Vehicle Credit, as laid out by the Inflation Reduction Act. Vehicles built in Mexico also qualify for the credit, provided their batteries are also assembled in North America. Indeed, VW plans to open a battery production facility in Canada later this decade.
