|
|
|
S.Korean Prez invites Elon Musk to build gigafactory
|
|
|
|
Top Stories |
|
|
|
|
IANS | 23 Nov, 2022
President
Yoon Suk-yeol has asked Tesla CEO Elon Musk to build an electric
vehicle plant in South Korea during a virtual meeting with the
billionaire entrepreneur on Wednesday. Musk said he is considering South
Korea as one of the top investment candidate sites.
Yoon
made the request after Musk explained Tesla's plans to build a
gigafactory in Asia to produce finished EVs, and the CEO responded
positively, the office said in a press release.
"President Yoon
explained South Korea's world-class auto industry ecosystem and
investment conditions, and requested that he invest in South Korea," it
said, reports Yonhap News Agency.
"In response, Musk said he is
considering South Korea as one of the top investment candidate sites,
and that he plans to decide following a comprehensive review of Asian
candidate countries' investment conditions, including human and
technological skills, and their production environment."
Musk
also said Tesla is a large buyer of excellent South Korean-made parts
for its autonomous driving and artificial intelligence products and
expressed a commitment to investing in South Korea's EV charging
infrastructure, according to the office.
He further estimated
that the total value of parts purchases from South Korean businesses
will exceed $10 billion next year, it said.
Yoon praised Musk for
his successes in the EV and space industries, saying South Korea is
working to develop its space industry from all sides. He mentioned the
successful launch of the homegrown space rocket Nuri in June and called
for cooperation between Musk's SpaceX and South Korean space firms.
"President
Yoon said that if there are unreasonable regulations hindering global
high-tech innovation firms' investment in South Korea, he will reform
them to be in line with global standards," his office said.
The
virtual meeting came after Musk canceled his trip to Bali, Indonesia,
earlier this month, where the two had been scheduled to meet in person,
it said.
|
|
|
|
|
|
|
|
|
|
|
|
|
Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
|
|
Daily Poll |
|
|
PM Modi's recent US visit to redefine India-US bilateral relations |
|
|
|
|
|
Commented Stories |
|
|
|
|
|
|
|
|