Revealed on July 18th, 2020 |
by Johnna Crider
July 18th, 2020 by Johnna Crider
Yahoo! Japan reported that apart from China, Tesla may be contemplating gigafactory plans at websites in both Japan or South Korea. The article famous that Elon Musk was requested on Twitter about plans to construct a brand new plant in Asia exterior of China. “Yeah, but first we need to finish Giga Berlin and a second US Giga to serve the eastern half of North America,” was Elon Musk’s reply.
Yeah, however first we have to end Giga Berlin and a second US Giga to serve jap half of North America
— Elon Musk (@elonmusk) July 5, 2020
Yahoo! Japan famous that one media supply (not linked or named) stated that Tesla might select both Japan or South Korea, each of which have a well-established automotive trade. With all of that stated, I wished to run a comparability and a brief, hour-long ballot to see which nation, if both, individuals thought Tesla would select for its subsequent Asian Gigafactory.
Ballot time! If Tesla had been to construct one other Gigafactory in Asia and it was down to those two nations–Japan or South Korea–which nation do you suppose Tesla would go for?
— Johnna💕 (@JohnnaCrider0) July 17, 2020
The outcomes had been in favor of South Korea. Granted, an hour was a short while for such a ballot, there have been solely 55 votes, and there’s loads of potential bias constructed right into a Twitter ballot, however it’s a technique to consider the chances.
South Korea’s love for Tesla has been a preferred information subject lately, whereas Japan has been gradual to get into the EV revolution. Nonetheless, let’s take a look at some extra elements.
In Japan, as with China, there’s an official Tesla Motors Twitter account, and even a devoted weblog for data associated to Tesla Japan. To me, this implies Tesla may be very critical about its on-line presence in Japan. Japan can also be the world’s third-largest auto market.
Nonetheless, even though Tesla is dominating the EV market globally, in Japan, it’s not likely that in style. That is partly associated to the EV market not being very robust there, but in addition partly as a result of international manufacturers to not get a lot market share there. An article in The Japan Instances stated that in 2019, round 90% of the imported autos purchased in Japan had been Teslas. The overall bought was simply 1,378 items, although. So, sure, Tesla continues to be dominant in a relative sense, however the true competitors is established legacy automakers that produce fuel autos by the thousands and thousands.
Tesla is now formally probably the most useful automaker of all of the world!! Congrats!! 🎉🎉🚀 @elonmusk @tesla pic.twitter.com/BSovZVTGJ3
— Elon’s World 🔥🩳🔥 (@ElonsWorld) June 10, 2020
In 2010, Japan was the primary Asian vacation spot that obtained Tesla autos — Roadsters had been shipped from California to Yokohama. Even Elon Musk stated that, “With its combination of high-level car enthusiasts and interest and appreciation of cutting edge technology, Japan is a natural market for the Roadster. The Tesla Roadster is a no-compromise (dakyo no nai) vehicle that makes no sacrifices on performance, design, or engineering.”
This was nicely earlier than Tesla’s world domination of the electrical automobile market and its #1 place within the auto market as some time in some regards, however it reveals that Tesla has a historical past with Japanese prospects and a longtime presence there. This truly places Japan in favor of being chosen as a web site for the subsequent Asian Gigafactory — particularly if that would imply much more gross sales there.
Additionally, Japan is house to among the most well-known legacy automakers, resembling Honda, Toyota, Nissan, Suzuki, Mazda, Subaru, Yamaha, Mitsubishi, Isuzu, Infiniti, Acura, Lexus, and Kawasaki, simply to call a couple of. Autos made in Japan have gained quite a few awards over time, together with European Automotive of the 12 months, Worldwide Automotive of the 12 months, and World Automotive of the 12 months.
In June, after which once more extra lately, Tesla overtook Toyota because the world’s most dear automaker when it comes to market cap on the stock market. Toyota sells much more autos than Tesla, however that would change within the coming decade. In such a case, it may ultimately make sense for Tesla to have a manufacturing unit in Japan simply as Honda and Toyota have factories within the US at present.
Japan can also be house to Panasonic, which has been a key companion to Tesla for a few years and helped construct, fund, and now function Tesla’s first gigafactory.
South Korea may not have its personal Tesla arm, as China and Japan do, however the nation completely loves Tesla. Despite the fact that Japan is struggling to promote Teslas, or EVs normally, this isn’t the case in South Korea. As with Japan, Tesla dominated imported EV gross sales within the nation — however it obtained much more autos than Japan. South Korea appears to be extra open to the concept of EVs normally.
South Korea first. However Cybertrucks in Tokyo?! That’s pure cyberpunk!
— Debra (@ChelseaRhode) July 17, 2020
Omar Qazi defined that he believed South Korea can be picked if it was between the 2. “Lots of battery production there,” he defined. One factor that South Korea is understood for is its developments in battery expertise. LG Chem is arguably the most important and main EV battery firm on this planet, and South Korea can also be house to a few different main battery producers, SK Innovation and Samsung SDI. In 2019, roughly 4.7 billion gained ($3.9 million) worth of lithium-ion batteries had been exported from the nation.
As with Japan, South Korea has its personal established automakers — Hyundai and Kia, most notably — and so they have been extra open to electrifying than Japanese automakers.
Tesla doesn’t have a longtime presence in South Korea from a company perspective, prefer it does in Japan. Positive, it has Tesla shops, however in contrast to China and Japan, it doesn’t have a devoted company Twitter for South Korea nor a weblog.
Japan or South Korea?
What do you suppose? Would Tesla select Japan because of the measurement of the auto market there and the chance to maybe get a a lot greater foot within the door there? Wouldn’t it select South Korea due to present recognition?
Wouldn’t it favor Japan as a result of Panasonic’s presence there, or South Korea for sure provide chain and logistics benefits?
How a lot do general political realities and the nations’ openness to foreigners and international firms come into play right here?
Neither market is almost as huge as China’s — no market is — so a gigafactory would even be delivery vehicles elsewhere in Asia. Which markets have probably the most potential for Tesla gross sales and have nearer proximity and ties to Japan or Korea?
Maybe most significantly to many people, how far off is a second Asian Tesla gigafactory?
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Tags: Japan, South Korea, Tesla, Tesla Japan, Tesla South Korea
In regards to the Writer
Johnna Crider is a Baton Rouge artist, gem, and mineral collector, member of the Worldwide Gem Society, and a Tesla shareholder who believes in Elon Musk and Tesla. Elon Musk suggested her in 2018 to “Believe in Good.”
Tesla is certainly one of many good issues to imagine in. You could find Johnna on Twitter