Tesla May Build its Next Factory in South Korea, According to the Country’s Presidential Office

Tesla Chief Executive Elon Musk said on Wednesday that South Korea was among its top candidates for a new factory. The plant would allow Tesla to tap into the growing electric vehicle market in South Korea, according to the country’s presidential office. Musk made the remarks in a video call with President Yoon Suk-yeol. Tesla also plans to step up cooperation with South Korea on supply chains for electric vehicle production in the country.

FutureCar Staff 2022-11-23 09:25 PT

General Motors to Launch 10 New Electric Vehicles in South Korea by 2025

General Motors plans to launch ten new electric vehicles (EVs) in South Korea by 2025, said Steven Kiefer, the head of GM's international operations in a visit to the country. Although the move represents a big push for GM in South Korea, the company has no plans yet to manufacture EVs in the country.

FutureCar Staff 2021-12-19 13:00 PT