Tesla locations $227M+ order for Cybertruck components from South Korea
Tesla ordered Cybertruck components value greater than $227 million from Seoyon E-Hwa. The South Korean firm confirmed the order just lately.
Seoyon E-Hwa is a part of KOSPI or the Korean Composite Inventory Worth Indexes. KOSPI is a collection of indexes monitoring the general Korean Inventory Alternate. Seoyon E-Hwa manufactures automotive inside components akin to door panels, bumpers, seats, headliners, rear parcel cabinets, package deal trays, display screen assemblies, and pillar posts.
Tesla positioned a 300 billion gained ($227 million) order for A, B, and C pillar components from Seoyon E-Hwa. The pillars might be used to attach the physique and roof of the automobile. The Cybertruck producer signed a three-year provide contract till 2028
with the South Korean firm.
Seoyeon E-Hwa rented a manufacturing facility in Monterrey, Mexico, for about 13 billion gained (greater than $9 million) to provide Tesla Cybertruck components. The corporate plans to dispatch expatriates to make Cybertruck components in Mexico as early as June.
Tesla Cybertruck preparations have been on hyperdrive these days as pre-production nears. The Texas-based firm will maintain a Cybertruck supply occasion later this yr.
“Nicely, I feel we’ll save that for the Cybertruck handover, which is able to hopefully be across the finish of Q3 this yr,” replied Elon Musk to a query about Cybertruck options in the course of the Q1 2023 earnings name.
“And one factor I’m assured of claiming is that it’s an unbelievable product. It’s a Corridor of Famer, I feel. And a product like this solely comes alongside as soon as in an extended whereas. So folks is not going to be upset in any respect. It’s wonderful,” Musk commented.
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