“Korea Economic News” reported on December 23 that Tesla CEO Musk said last month that South Korea was “one of the best candidates for Tesla to build another production base in Asia.” The government is preparing for a potential location for the Tesla Gigafactory.
It is reported that South Korea’s Ministry of Industry, Trade and Energy has collected information on candidate locations for Tesla’s plant from all 17 major local governments, and plans to send the information to Tesla by the end of this year.
According to the report, the South Korean central government believes that the country is competitive enough to build a Tesla super factory, because South Korea has major battery and battery material manufacturers such as LG New Energy and L&F, and the country is also a free trade agreement for Tesla’s main market. (FTA) partner.
The report pointed out that the South Korean local government regards the Tesla Gigafactory as an unprecedented opportunity to enhance regional competitiveness. Gangneung, a well-known tourist city on the east coast of South Korea, said the city is close to the port and has sufficient power supply. Pohang, an important seaport, is home to factories of battery materials producers such as Posco, the world’s sixth-largest steelmaker, and EcoPro BM.
South Korean President Yoon Suk-yue had a video call with Musk in late November, Reuters reported last month. During the video call, Yin Xiyue said that “tailor-made” incentives would be offered to encourage Tesla to build a Gigafactory in South Korea. Yin Xiyue said at the time that South Korea will provide a large number of high-skilled workers, and the South Korean government will also ensure that foreign companies that settle in will not face unexpected financial or regulatory obstacles, and will minimize the impact that radical unions may have on the Tesla factory. coming risk.
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Event Tracking
- 2022-12-26 Local governments in South Korea plan to attract Tesla to build a super factory and have submitted potential site information
- 2021-12-20Tesla ’s Texas Gigafactory will be completed and put into production by the end of the year, with a total investment of 10 billion U.S. dollars
- 2021-08-18Tesla’s localization rate will reach about 90%, vice president Tao Lin said there is little room for price cuts
- 2021-05-10Tesla is brewing new projects near Texas super factory
- 2020-07-23Tesla’s fourth U.S. factory is located in Austin, Texas, and will produce electric trucks Cybertruck
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