Elon Musk names S. Korea among top candidates for EV investment – Yoon’s office


Elon Musk, CEO of Tesla, has stated that South Korea is one of the top candidate locations for a factory Tesla plans to build in Asia to produce Electric Vehicles (EVs). Yoon Suk-yeol, Korea’s president, asked Musk to make the factory in the country and Musk responded that he would consider it after reviewing investment conditions in other countries, including labour quality, technology level and production infrastructure. If Tesla were to build its factory in South Korea, they would be expecting to buy components worth more than $10 billion from South Korean firms in 2023. Indonesia, India, and other governments are lobbying to win Tesla’s next investment in EV production, with Indonesia’s President Joko Widodo urging Tesla to make EVs there. South Korea’s LG Energy Solution, Panasonic Corporation, and China’s Contemporary Amperex Technology are all suppliers of Tesla batteries, and analysts have suggested that if Tesla were to build in South Korea, Samsung Electronics Co Ltd and LG Innotek Co Ltd could also be involved.

テスラのイーロン・マスクCEOは、テスラが電気自動車(EV)を生産するためにアジアに建設予定の工場について、韓国を最有力候補地の1つに挙げていることを明らかにした。韓国の尹錫烈(ユン・ソクヨル)大統領は、マスク氏に韓国での工場建設を要請し、マスク氏は「労働の質、技術水準、生産インフラなど、他国の投資条件を検討した上で検討する」と回答したそうです。仮にテスラが韓国に工場を建設した場合、2023年には韓国企業から100億ドル以上の部品を購入することが予想される。インドネシアやインドなどの政府は、テスラの次のEV生産投資を獲得するためにロビー活動を展開しており、インドネシアのジョコ・ウィドド大統領は、テスラが同国でEVを生産することを強く求めている。韓国のLG Energy Solution、パナソニック株式会社、中国のContemporary Amperex Technologyはいずれもテスラのバッテリーのサプライヤーであり、アナリストは、テスラが韓国で製造する場合、Samsung Electronics Co LtdとLG Innotek Co Ltdも関与する可能性を示唆している。


SEOUL, Nov 23 (Reuters) – Tesla (TSLA.O) chief executive Elon Musk said on Wednesday that South Korea was among its top candidate locations for a factory it plans to build in Asia for making electric vehicles (EVs), according to South Korea’s presidential office.

Musk had made the remark in a video call with President Yoon Suk-yeol, adding that the company planned to step up cooperation with South Korea on supply chains, Yoon’s office said.

As Yoon was aware of Tesla’s plans to build a factory in Asia in the future, his office said, Yoon asked Musk to build the factory in South Korea.

In response, Musk said he considered South Korea to be one of the top candidates and would make the decision after reviewing investment conditions in other countries, including labour quality, technology level and production infrastructure.

Tesla was not immediately available for comment outside U.S. business hours when contacted by Reuters.

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“We expect to buy components worth more than $10 billion from South Korean firms in 2023 as we significantly expand supply chain cooperation with South Korean companies,” Yoon’s office quoted Musk as saying.

The contact between Yoon and Musk comes ahead of a criminal trial about to begin in South Korea that hangs on questions about the safety of Tesla cars, at a time when the EV maker faces a range of lawsuits and increased scrutiny by regulators.

Yoon said in the discussion he would reform unreasonable regulations that hindered investment by global tech companies, according to Yoon’s office. The president added that the government would continue its effort to attract investment from high-tech companies to enhance the country’s competitiveness.

Indonesia, India and other government are already lobbying to win Tesla’s next investment in EV production.

In August, Indonesian President Joko Widodo urged Tesla to make EVs in the country. The president and senior government officials held meetings earlier this year with Musk, during which they said they had asked him to consider the Southeast Asian country as a car manufacturing hub, on top of making batteries.

South Korea’s LG Energy Solution Ltd (373220.KS) supplies Tesla with batteries, as do Japan’s Panasonic Corp Holding (6752.T) and China’s Contemporary Amperex Technology Co (300750.SZ).

Analysts said Tesla could work closely with such South Korean suppliers as Samsung Electronics Co Ltd (005930.KS) and LG Innotek Co Ltd (011070.KS) if it built the factory in the country.


ソウル 23日 ロイター] – 韓国大統領府によると、テスラ(TSLA.O)のイーロン・マスクCEOは23日、アジアに建設予定の電気自動車(EV)製造工場の候補地として、韓国を最有力候補に挙げていることを明らかにした。





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