{"id":36745,"date":"2022-11-23T12:04:21","date_gmt":"2022-11-23T17:04:21","guid":{"rendered":"https:\/\/autosector.com\/?p=36745"},"modified":"2022-11-23T12:04:21","modified_gmt":"2022-11-23T17:04:21","slug":"elon-musk-south-korea-top-candidates-investment","status":"publish","type":"post","link":"http:\/\/autosector.com\/?p=36745","title":{"rendered":"Elon Musk: South Korea Among Top Candidates For EV Investment"},"content":{"rendered":"

While the new plants in Germany and in Texas are ramping-up production, Tesla is already considering where to build another manufacturing site.<\/p>\n

According to recent media reports, one of the next gigafactories might be built in Asia and South Korea has a big chance to attract the investment.<\/p>\n

Tesla<\/a>‘s CEO Elon Musk said during a virtual meeting with South Korean President Yoon Suk Yeol that he considers the country as a top candidate for EV investment.<\/p>\n

However, the decision has not been made and any investment will require reviewing investment conditions in other countries, Musk added.<\/p>\n

Let’s recall that in the Asia region alone, Tesla would be welcome also in Indonesia, India, and probably many other countries. A new automotive plant usually translates into several billion dollars of investment and thousands of new jobs.<\/p>\n

Tesla Giga Shanghai in China is currently the world’s largest electric car factory with an output that might exceed 1 million units annually. It’s an open question whether such capacity is currently enough for Asia<\/a> (end export to some other markets, including Europe), or if another plant would be needed to support expansion.<\/p>\n

According to Reuters, Yoon’s office mentioned also that Tesla might step up cooperation with South Korea on supply chains.<\/p>\n

The company is already closely working with LG Energy Solution, which supplies 2170-type cylindrical lithium-ion cells for Tesla and is engaged in the development of the 4680-type cylindrical format, which initially will be produced in South Korea<\/a>.<\/p>\n

According to the article, in 2023 alone, Tesla expects to buy components worth more than $10 billion.<\/p>\n

Tesla is also open to actively investing in charging infrastructure in South Korea, but we don’t yet know what it really means – the situation in the country is similar to the US. Tesla uses its own charging standard, while Hyundai Motor Group and other manufacturers are using CCS1.<\/p>\n

Asia is not the only area where Tesla might build a new gigafactory. Earlier this year we heard a report about Canada and talks with Ontario government<\/a>.<\/p>\n

<\/section>\n","protected":false},"excerpt":{"rendered":"

While the new plants in Germany and in Texas are ramping-up production, Tesla is already considering where to build another manufacturing site. According to recent media reports, one of the next gigafactories might be built in Asia and South Korea has a big chance to attract the investment. Tesla‘s CEO Elon Musk said during a […]<\/p>\n","protected":false},"author":1,"featured_media":36746,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[4],"tags":[],"class_list":["post-36745","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-e-cars"],"_links":{"self":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/36745","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=36745"}],"version-history":[{"count":0,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/posts\/36745\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=\/wp\/v2\/media\/36746"}],"wp:attachment":[{"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=36745"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=36745"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/autosector.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=36745"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}