Speaking at an official ceremony in Saint Lucia on Sunday, Sheinbaum described the vehicle as a technological achievement that goes beyond transportation.

"Olinia is not just an electric vehicle. It is a simple idea, but very powerful," she stressed.

The president said the vehicle's name comes from the Nahuatl word for movement and reflects Mexico's efforts to advance technological development through local expertise.

"'Olinia' is born precisely from that creative force that has accompanied Mexico throughout its history. It is a vehicle designed by the minds of young Mexicans for Mexico and for the world ," said Sheinbaum.

The project was developed by Mexican engineers, scientists and young innovators working alongside public universities and research centres.

Built for urban travel, the compact electric vehicle can carry up to six passengers and has an estimated top speed of 50 km/h. Its electric motor is expected to last eight years and can be charged using standard home or commercial power outlets.

Officials said the vehicle's lightweight design is intended to reduce energy consumption and support local manufacturing. Different versions are planned for personal use, families and people with various disabilities, with a focus on low maintenance costs.

The vehicle is expected to cost between 90,000 and 150,000 pesos (5,160 to 8,600 USD, 4,474 to 7,456 EUR).

Sheinbaum said the initiative is also intended to strengthen confidence in the country's abilities and inspire younger generations.

"'Olinia' is the hope of a Mexico that recognises in its youth, the strength of its present and its future," concluded Sheinbaum.

The Mexican government says the project forms part of broader efforts to expand sustainable mobility technologies and strengthen national production based on science and engineering.