GM: ‘No plans’ to move production of EV models out of Mexico

Although General Motors Co. banal has taken a deed arsenic a effect of U.S. tariffs, the Big Three automaker insists it volition not determination its palmy electrical conveyance (EV) operations retired of Mexico.

“At this time, GM has nary plans to halt oregon relocate accumulation of immoderate of our EV models made successful Mexico,” the manager of GM de México’s EV operations Adrián Enciso told the paper Milenio.

According to Mexico’s nationalist statistic agency, INEGI, GM exported 186,368 airy vehicles successful the archetypal 4th of 2025, a 6.2% alteration from Q1 of 2024. (GM de México)

Enciso, besides the manager of Brightdrop México (a GM subsidiary focused connected processing a strategy of connected products for first- and last-mile transportation customers), said the occurrence of the EV part makes it improbable that changes volition beryllium made to production.

Production of 100% EV models arsenic good arsenic the assembly of Equinox, Blazer and Cadillac Optic models volition proceed astatine the company’s mill successful Ramos Arizpe, Coahuila, Enciso said. 

“It’s imaginable that further models specified arsenic the Spark could beryllium built here, too,” helium said. The Chevrolet Spark EV was made successful South Korea until accumulation stopped successful 2022.

Enciso conceded that the institution is studying the interaction of the U.S. tariffs and analyzing plans of enactment for each imaginable scenarios.

“But for now, instructions from HQ are to enactment the people with respect to production,” helium said, adding that request for EVs successful the U.S. is growing, making it apt that immoderate accumulation successful Mexico volition beryllium exported to the U.S.  

Exposure to Mexico a concern

Shares of GM are down much than 17% successful trading this year, and UBS downgraded the U.S. automaker’s banal to neutral connected April 10, portion besides slashing the terms people connected the banal to US $51. As trading opened connected April 21, GM’s banal had dipped nether US $44.

Citing Deutsche Bank analysts, CNBC reported successful precocious March that GM’s difficulties stem from the fig of vehicles the automaker imports to the U.S. and its vulnerability to Mexico successful particular. 

More than 16% of GM vehicles sold successful the U.S. past twelvemonth were assembled successful Canada and Mexico, according to CNBC. That represents the largest stock of immoderate state successful presumption of import volume, astir treble the shares of South Korea and Japan, which ranked 2nd and third, respectively, according to GlobalData.

(CNBC)

Barclays expert Dan Levy told CNBC that GM relies heavy connected Mexico and South Korea to nutrient immoderate of its tiny crossovers, including its Equinox and Blazer vehicles. 

GM is scheduled to study its first-quarter results connected April 29. 

Based connected the tariffs already imposed, UBS foresees a troubling script for GM, projecting that the outgo of GM cars made successful Mexico oregon Canada and sold successful the U.S. volition spell up by astir US $4,300 each. 

With reports from Milenio, Market Watch and CNBC