Recommendable!
Government run businesses is rarely a good idea and many fail.
"The EV market in Mexico has exploded in the last three years, with the vast majority of cars sold there being manufactured in China—90 percent in 2025. However, Mexico is one of the world’s biggest manufacturers of cars and car parts, and policymakers want to capture a piece of the action.
That’s why the Mexican government launched Olinia, a federally backed effort to develop a homegrown EV brand with engineers and researchers from the country’s public universities and research institutions. Its first vehicle, the Olinia 1, is designed around the needs of the average Mexican driver. Mass production of the Olinia 1 is expected to begin in early 2027 at an assembly plant slated for construction in the state of Puebla later this year. ...
[Chinese] Carmakers like BYD and Geely thus dropped their prices and started marketing aggressively in emerging markets like Mexico. ...
The government plans to replace many taxis [???] in urban areas with the EV. ...
Olinia is one of the signature projects of Plan México, the Sheinbaum administration’s strategy to strengthen domestic manufacturing and technological capabilities. The initiative aims to cultivate domestic expertise in batteries, power electronics, vehicle integration, and advanced manufacturing—areas that policymakers view as critical to Mexico’s long-term industrial competitiveness. The administration hopes the plan attracts $100 billion in annual foreign direct investment by 2030. ..."
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