Shulou(Shulou.com)11/24 Report--

CTOnews.com, November 23, according to Yonhap news agency, South Korean President Yoon Xiyue met with Tesla CEO Elon Musk by video on the 23rd and called on Tesla to invest in South Korea.

Yin Xiyue listened to Tesla's plan to build a super electric vehicle production plant "Gigafactory" in Asia, introduced to Musk the development environment and investment conditions of South Korea's automobile industry, and called on Tesla to invest in South Korea. Yin Xiyue also mentioned South Korea's successful launch of the self-developed carrier rocket "World" in June this year, and expressed the hope that Space Exploration Technology Company can cooperate with South Korean space enterprises.

Musk said that he regards South Korea as one of the preferred places for investment and will comprehensively consider the human resources, technological level, production environment and other investment conditions of the candidate countries in the Asian region and make relevant decisions. He said that Tesla's autopilot and artificial intelligence departments use a lot of high-quality Korean-made parts and show a positive intention to invest in the field of electric vehicle charging equipment in South Korea. He also said that Tesla will strengthen supply chain cooperation with South Korean enterprises, and Tesla is expected to purchase more than $10 billion in Korean parts next year.

Yin Xiyue's office said during the discussion that he would reform unreasonable rules that hinder investment by global technology companies, and that the government would continue its efforts to attract investment from high-tech companies to improve the country's competitiveness.

CTOnews.com has learned that governments in Indonesia, India and other countries are already lobbying to win Tesla's next investment in electric car production. Analysts say that if Tesla builds a factory in South Korea, it can work closely with South Korean suppliers such as Samsung Electronics Co., Ltd. and LG Innotek.

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