The BMW Group and Evergo will invest US$200 million to install more than 4,000 public electric vehicle charging stations in and around Mexico City over the next five years.

Evergo will build the stations, while BMW will promote their use through the sale of electric cars.

These will be deployed in shopping malls, industrial complexes, offices and highways or nearby areas, the Mexican press reported, which includes statements from the companies.

The power supply for the stations will initially be provided by the public electricity company CFE, which produces approximately 60% of its electricity from thermal sources. At a later stage, energy will be produced from renewable sources.

To that end, the two companies plan to build a solar park with battery storage capacity, media reported, without disclosing specific details of the project.

This month, electric vehicle maker Centro Automotive announced that it would invest US$200 million to produce lithium-ion batteries in the state of Nuevo León.

The company intends to sell its Metro, Logistar 100, Logistar 200 and Logistar 260 vehicles to businesses and carriers.

Held this month, the ‘Three Amigos’ summit sealed new electric vehicle agreements between Mexico, Canada and the United States, which pledged to develop common standards for charging stations . The Mexican government has also promised to require zero emissions for all cars sold in its territory from 2040.

Plan Sonora, a $48 billion Mexican program, aims to make Nuevo León a hub for the production of electric vehicles, as well as a cross-border supplier of clean energy.