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Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street
Gaza Civil Defense spokesman: Claims that the Israeli occupation has withdrawn from areas in the neighborhoods of al-Zaytoun, al-Tuffah, and al-Shujaiya are false
Hamas: The two delegations stressed that any negotiations must lead to the achievement of our people's goals and aspirations, foremost among which is ending the war and the complete withdrawal of enemy forces
Hamas: A delegation from the Hamas leadership, led by the head of the leadership council, Mohammad Darwish, met with an Islamic Jihad delegation, headed by its Secretary-General, Ziyad al-Nakhalah

Elon Musk names S. Korea among top candidates for EV investment

  • By Al Mayadeen English
  • Source: Agencies
  • 23 Nov 2022 11:31
2 Min Read

The South Korean President asks Elon Musk to invest in the country amid Tesla's plans to build another electric car manufacturing factory in Asia.

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  • A virtual meeting between South Korean President Yoon Suk-yeol and Tesla founder Elon Musk
    A virtual meeting between South Korean President Yoon Suk-yeol and Tesla founder Elon Musk

South Korean President Yoon Suk-yeol has asked Tesla founder Elon Musk to invest in the production of electric vehicles (EV) in South Korea, the Yonhap news agency reported on Wednesday.

Earlier in the day, Yoon had a virtual meeting with Musk, where he asked the billionaire entrepreneur to "invest in South Korea" amid Tesla's plans to build another electric car manufacturing gigafactory in Asia, the agency reported.

According to Yonhap, Yoon told Musk that he would reform unreasonable regulations that hindered investment by global tech companies.

The South Korean President also affirmed that the government would continue its effort to attract investment from high-tech companies to enhance the country's competitiveness.

On his part, Musk said he considers South Korea as "one of the top investment candidate sites" and explained that before making a decision, a comprehensive review of the investment conditions of candidate countries in Asia, such as personnel, technology level, and production environment, will be conducted, Yonhap mentioned.

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"We expect to buy components worth more than $10 billion from South Korean firms in 2023 as we significantly expand supply chain cooperation with South Korean companies," Yoon's office quoted Musk as saying.

The Tesla founder said his company buys a lot of South Korean-made components in the field of autonomous driving and artificial intelligence, expressing readiness to actively invest in the South Korean electric vehicle charging infrastructure.

According to Yonhap, Yoon asked for cooperation between Musk's SpaceX company and the South Korean space industry and pointed to the successful launch of the Nuri space rocket this summer.

The virtual meeting between Yoon and Musk comes ahead of a criminal trial in South Korea that questions the safety of Tesla cars, as the automotive company is facing a number of lawsuits by regulators.

However, Indonesia, India, and other governments are already lobbying to win Tesla's next investment in electric vehicle production.

Read more: Musk in court over $56 billion pay package from Tesla in 2018

  • Tesla
  • Elon Musk
  • Yoon Suk-Yeol
  • South Korea

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