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News

Tesla cuts prices in Taiwan and Korea

February 4, 2023 Richard Walker 0

The wave of Tesla price cuts is blowing across the whole world. After causing an unprecedented increase in attention and forcing the competition to respond in China, the EV maker is introducing lower prices in Taiwan and South […]

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News

Tesla fined $2.2 million by South Korean authorities for not saying range may be reduced in cold weather

January 3, 2023 Darryn John 0

Tesla has been fined $2.2 million (2.85 billion won) by South Korea’s Fair Trade Commission (KFTC) after a nearly year long investigation into claims the automaker overstated the driving range of their electric vehicles (EVs) […]

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News

Tesla was the top overseas stock in South Korea

December 27, 2022 Scott Nordlund 0

Tesla was the top choice for South Korean investors looking to buy into overseas stocks. Per Korean Economic Daily, Korean investors purchased $2.74 billion of Tesla shares in 2022. Via Korea Securities Depository, Korean investors […]

News

South Korea’s local governments battle to host Tesla Gigafactory

December 24, 2022 Richard Walker 0

Tesla is always looking to build the next gigafactory, and South Korea is one of the most likely destinations. The Asian country’s municipal governments are already angling to be the host after Tesla revealed its […]

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News

South Korea is willing to offer tailored benefits to Tesla to secure a Gigafactoy

November 29, 2022 Scott Nordlund 0

South Korean President Yoon Suk-yeol confirmed that the country is willing to offer tailored incentives to Tesla to set up a Gigfactory in the country. In an interview with Reuters, President Yoon said this: If […]

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News

Elon Musk says Tesla could build Gigafactory in South Korea

November 22, 2022 Darryn John 0

Elon Musk has said Tesla could have as many as 12 Gigafactories by 2030, and it looks like one of those could be in South Korea. In a virtual meeting with South Korean President Yoon […]

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News

South Korean police drop investigation into ‘defective’ Tesla door handles

July 1, 2022 Mike Flemming 0

The South Korean police have dropped their investigation into alleged defects in Tesla’s door handles that violated the country’s Motor Vehicle Management Act and Act on Fair Labeling and Advertising. The Seoul Metropolitan Police Agency […]

News

LG Energy Solutions investing $568 million to expand 4680 and 2170 cell production in South Korean facilities

June 14, 2022 Scott Nordlund 0

LG Energy Solutions has announced the company would invest 730 billion won (about $568 million) to expand its 4680 and 2170 battery cell production capacity in South Korea. The investment will expand production at LG […]

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SpaceX

SpaceX selected to launch five military satellites for South Korea by 2025

April 13, 2022 Darryn John 0

South Korea has selected Elon Musk’s SpaceX to launch five of their military satellites into low-earth orbit (LEO) over the next three years. The deal will see the first launch onboard a Falcon 9 rocket […]

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Model 3

Tesla updates South Korean website following investigation by Korea Fair Trade Commission

February 18, 2022 Darryn John 0

Tesla has made changes to its website in South Korea to update the driving range of the Model 3. While the listed range has stayed the same at 528km (328 miles), the automaker now says […]

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