Tesla Inc is finalizing plans to establish an electrical vehicle assembly plant in an industrial spot of northeastern Mexico and may perhaps announce the manufacturing unit as early as upcoming week, Bloomberg News noted late Friday.

The plant will be located in Santa Catarina in Monterrey town, the money of Nuevo Leon condition in Mexico, the report said, citing folks familiar with the make any difference.

Remaining aspects are continue to being worked out, and the talks with the firm have associated both equally the state government and Mexico’s international relations ministry, the report reported.

It is unclear what styles Tesla would generate in the Mexican manufacturing facility or when it would start off creation, Bloomberg reported. Facts could be announced in coming times, it claimed.

Tesla did not instantly respond to a Reuters request for remark.

Two people with awareness of the matter instructed Reuters in Oct that Tesla Main Govt Elon Musk was taking into consideration investing in the northern Mexican point out of Nuevo Leon, which borders Texas.

Musk held a conference in the point out with Nuevo Leon Governor Samuel Garcia together with other community officers, and Ken Salazar, the U.S. ambassador to Mexico, one particular of the sources explained.