S. Korea Among Top Prospects for EV Investment: Elon Musk

Wed Nov 23 2022
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Web Desk

ISLAMABAD: Elon Musk, the Chief Executive Officer of Tesla, said on Wednesday that South Korea is among its leading candidates for electric vehicle (EV) investment as the company moves to build a gigafactory for EVs in Asia, according to South Korea’s presidential office.

Musk commented in a video call discussion with South Korean President Yoon Suk-yeol. According to Yoon’s office, he added that the electric vehicle firm plans to accelerate the supply chain with South Korea.

Recently the Tesla Model S received a 5 Star European New Car Assessment Programme (Euro NCAP) safety rating.

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