On May 6th, it was reported by the media that Tesla has ordered a large quantity of Cybertruck parts from Seoyon E-Hwa, a South Korean car interior parts manufacturer. The total order amount is approximately 300 billion won (about 227 million US dollars).
Tesla unveiled its Cybertruck electric pickup truck in the United States in November 2019. Since its release, the vehicle has been delayed multiple times due to several modifications and related supply chain issues.
Initially, the Cybertruck was scheduled to be launched by the end of 2021, but at Tesla’s annual shareholder meeting held in August 2022, Musk confirmed that the vehicle would be available in 2023.
Tesla had originally planned to start Cybertruck production in late 2021. However, in late January of this year, Musk stated during the fourth-quarter earnings call for 2022 that limited production of the Cybertruck would begin this summer. He also noted that the Cybertruck would go into full production in 2024, later than the earlier anticipated date of the end of 2023.
On April 2nd of this year, Musk tweeted that the Cybertruck production line had been built and that there was already a production area in place as production neared.
On April 19th, Tesla announced during its first-quarter earnings call that it still plans to begin Cybertruck production later this year at the Texas Gigafactory and continue to make progress on the next-generation vehicle platform.
On the same day, Musk stated that Cybertruck delivery events would take place in the third quarter of 2023. Musk did not provide an exact delivery date, but later said that the Cybertruck delivery event should be around the “end of the third quarter,” which is the end of September.
According to reports, Tesla has signed a three-year parts supply contract with Seoyon E-Hwa, which runs until 2028. Under the contract, Seoyeon E-Hwa will supply A, B, and C pillars for Tesla’s Cybertruck, which will be used to connect the body and roof of the vehicle. On Friday, Seoyeon E-Hwa confirmed that it had received a large order from Tesla.
Media reports suggest that Seoyeon E-Hwa has rented a factory in Monterrey, Mexico for around 13 billion won, which is not far from the factory that Tesla is about to build. The factory will be used to produce Cybertruck parts, and the company plans to start sending foreign workers there to produce Cybertruck parts as early as June.
