Audi to invest 1 bln euros in electric vehicles projects in Mexico

German carmaker Audi will invest one billion euros ($1.08 billion) in electric vehicle projects in the Mexican state of Puebla, the state’s governor said on this week.

The investment will lead to the creation of 500 new jobs, the Puebla government said in a statement.

Audi, which belongs to the Volkswagen (VOWG_p.DE) group, has one plant in Mexico in the Puebla town of San Jose Chiapa, where it has 5,000 employees, according to company data.