South Korea asked Elon Musk to establish a Tesla factory in the country

this South Korean President Yoon Suk-yeol asked Tesla’s CEO on Wednesday, Elon Muskestablish an electric vehicle factory in the country Asian during a video conference call between them.

The businessman announced that he plans to meet at the meeting, which was scheduled to be held in Bali as part of the G20 summit, but postponed to this Wednesday due to Musk’s scheduling problems. Established a large factory for electric car assembly in Asia.

“President Yoon later emphasized The leading ecosystem of the automotive industry in the Republic of Korea (official country name) and investment conditions and demanded to invest in the Republic of Korea.”

Musk responded by saying he’s considering setting up the factory in South Korea, noting that his companies provide Tesla with a lot of “excellent components and products when it comes to autonomous driving and artificial intelligence.”

South African businessman says he is “planning” make a decision after a comprehensive review of the investment conditions in the candidate countries Asia”, including its human and technological capabilities and production environment.

Musk also said he believes the total value of Tesla’s component and product purchases from South Korean companies will exceed $10 billion next year.

Source: Informacion

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