Yonhap News Agency, Seoul, November 23. South Korean President Yoon Seok-yue met with Elon Musk, CEO of Tesla (TESLA) and Space Exploration Technology (SpaceX) on the 23rd, and called on Tesla to respond South Korea invests.
According to the President’s Office, Yin Xiyue met with Musk at 10:00 a.m. that day. Yin Xiyue originally planned to meet Musk in Bali, Indonesia last week by attending the G20 Business Summit (B20), but Musk's visit to India fell through, so the two sides changed to meet online.
Cui Xiangmu, the chief economic secretary of the presidential office, said at the press conference that Yin Xiyue heard Tesla's plan to build a super electric vehicle production plant "Gigafactory" in Asia, and introduced to Musk the development environment and investment conditions of South Korea's world-class automobile industry, calling on Ma SK is actively considering setting up a "Gigafactory" in Korea. As for the possibility of the factory being settled in South Korea, Choi Sang-mok said that it depends on Tesla's decision, and it is difficult to provide specific information at present, and the presidential office can only hope to get good results in due course.
Yin Xiyue spoke highly of Tesla's start of the era of electric vehicles, and the world's first success of Space Exploration Technology's reusable rocket project. He introduced South Korea's successful launch of the self-developed launch vehicle "World" in June this year, and expressed the hope that Space Exploration Technology Corporation can cooperate with Korean aerospace companies. Yin Xiyue also said that he intends to relax the regulations that are not conducive to investment in South Korea in accordance with world standards.
Musk said that he regards South Korea as one of the preferred investment destinations, and will comprehensively consider investment conditions such as human resources, technical level, and production environment of candidate countries in the Asian region and make relevant decisions. He said that Tesla's autopilot and artificial intelligence related departments use many high-quality Korean components, and have shown positive intentions to invest in South Korea's electric vehicle charging equipment field. He also said that Tesla will strengthen its supply chain cooperation with Korean companies, and plans to increase Tesla’s procurement of Korean components from US$5.7 billion this year to more than US$10 billion next year.
Cui Xiangmu added that the government will set up a working group led by the Ministry of Industry, Trade and Energy and the Korea Trade and Investment Promotion Corporation to maintain close cooperation with Tesla and actively attract investment. (Finish)
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