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

In September, Canada’s Minister of Industry Francois-Philippe Champagne stated that Tesla did discuss the possibility of building a factory in Canada. Earlier this year, Champagne emphasized that Canada hopes to be the auto industry’s new “ supplier of choice.” Tesla South Korea.

article thumbnail

Thomson Reuters report finds established auto industry companies, not Silicon Valley, leading development of autonomous driving tech

Green Car Congress

Toyota (Japan) is the overall global leader in autonomous automotive innovation, followed by Bosch (Germany), Denso (Japan), Hyundai (South Korea) and GM (US). To the contrary, automotive bellwethers are the ones in the driver’s seat. Toyota and Hyundai take the second and third places.

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

Bajaj Auto expands engineering skills training to Tier 2, 3 cities | Autocar Professional

Baua Electric

Two and three-wheeler major Bajaj Auto is looking to take its engineering skills training programme to Tier 2 and 3 cities, in order to fill the critical skill gaps faced by the automotive industry. This announcement comes amid concerns about India’s industrial competitiveness.

Auto 52
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

How and When the Chip Shortage Will End, in 4 Charts

Cars That Think

Meanwhile, the mid-2022 passage of the CHIPS Act in the United States yielded a multi-billion-dollar investment pool, some of which dedicated to ramping up American manufacturing of the mature-generation chips upon which many industriesauto and otherwise—are so dependent. In March of 2023, the U.S.