Tesla Cybertruck manufacturing teased in $227M+ order for components

 Tesla ordered Cybertruck components value greater than $227 million from Seoyon E-Hwa. The South Korean firm confirmed the order not too long ago. 

Seoyon E-Hwa is a part of KOSPI or the Korean Composite Inventory Value Indexes. KOSPI is a collection of indexes monitoring the general Korean Inventory Change. Seoyon E-Hwa manufactures automotive inside components similar to door panels, bumpers, seats, headliners, rear parcel cabinets, package deal trays, display assemblies, and pillar posts. 

Tesla positioned a 300 billion received ($227 million) order for A, B, and C pillar components from Seoyon E-Hwa. The pillars will likely 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 received (greater than $9 million) to supply 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 recently as pre-production nears. The Texas-based firm will maintain a Cybertruck supply occasion later this yr. 

“Effectively, 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 individuals won’t be dissatisfied in any respect. It’s wonderful,” Musk commented.

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Tesla locations $227M+ order for Cybertruck components from South Korea