ROK economy has a lot to like for automaker, but Elon Musk distractions and labor unions may be difficult to overcome
South Korean President Yoon Suk-yeol speaks to Tesla chief Elon Musk, Nov. 23, 2022 | Image: ROK Presidential Office
During a virtual meeting with Elon Musk, the head of SpaceX, Tesla and Twitter, President Yoon Suk-yeol raised the possibility that South Korea could be the home of Tesla’s next electric vehicle “gigafactory.”
A gigafactory is a lithium-ion battery and electric vehicle component center that supplies battery packs for Tesla vehicles. There are currently five gigafactories worldwide, and Musk apparently hopes to add a sixth to the Asian region to complement the one in Shanghai.
During a virtual meeting with Elon Musk, the head of SpaceX, Tesla and Twitter, President Yoon Suk-yeol raised the possibility that South Korea could be the home of Tesla’s next electric vehicle “gigafactory.”
A gigafactory is a lithium-ion battery and electric vehicle component center that supplies battery packs for Tesla vehicles. There are currently five gigafactories worldwide, and Musk apparently hopes to add a sixth to the Asian region to complement the one in Shanghai.
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