article thumbnail

Elon Musk considers South Korea for next Tesla Gigafactory location: report

Teslarati

South Korea’s presidential office revealed that President Yoon Suk-Yeol and Elon Musk conversed about Tesla in a video call on Wednesday, November 23. During the video call, Elon Musk reportedly told President Yoon that he considered South Korea one of the top candidates for a Tesla factory in Asia, reported Reuters.

article thumbnail

A look at Tesla’s potential new Gigafactory locations: Mexico, Canada, Indonesia or South Korea

Teslarati

Earlier this year, Champagne emphasized that Canada hopes to be the auto industry’s new “ supplier of choice.” ” Canada has the minerals and supplies automakers need to manufacture electric vehicles and EV batteries. “What we want is the electric car , not the battery. Tesla South Korea.

article thumbnail

“Electric cars are disasters; they are evil," says Hyundai union head

Green Car Reports

Not something you'd hear every day, certainly not from a powerful executive in the auto industry. Yet those are the words of Ha Bu-young, head of the Hyundai motor union, both the largest and the most powerful union in South Korea. “Electric cars are disasters. They are evil."

article thumbnail

ICCT report finds US domestic EV production and investment continues to fall; only 5% of global EV investment to go to US EV assembly plants

Green Car Congress

million in 2020, followed by 450,000 in the US and about 110,000 each in Japan and South Korea. Great promotional events and bold aspirational statements by the domestic auto industry can’t mask the facts. Continuing on this path would hurt the domestic US auto industry’s prospects for decades.

Global 397
article thumbnail

Stellantis, LGES enforcing ‘contingency plans’ for EV battery plant in Ontario

Baua Electric

OTTAWA — Stellantis and South Korea’s LG Power Resolution (LGES) are enforcing “contingency plans” homogeneous to a more-than $5-billion battery plant funding in Canada since the federal govt has no longer delivered on its guarantees, a Stellantis spokesperson stated Might 12.

article thumbnail

Stellantis, LG Power enforcing ‘contingency plans’ for EV battery plant in Canada

Baua Electric

OTTAWA — Stellantis and South Korea’s LG Power Resolution are enforcing “contingency plans” similar to a more-than $4-billion battery plant funding in Canada since the federal govt has now not delivered on its guarantees, a Stellantis spokesperson stated. billion ($1.1 billion ($1.1

Canada 52
article thumbnail

Hyundai-Kia: eight electric cars by 2022, dedicated EV platform

Green Car Reports

It's long been said in the auto industry that Hyundai-Kia is the only competitor that truly scares industry colossus Toyota. Thirty years ago, the Korean company was a bit player, producing designs adapted from obsolete Mitsubishi technology.

Kia 110