Seoyeon E-Hwa, a South Korean parts supplier, has confirmed a massive order from Tesla for A, B, and C Pillar parts for the Cybertruck. The order, worth $227 million, has prompted Seoyeon E-Hwa to rent a facility in Monterrey, Mexico, where it will begin production as early as June 2023.

Seoyeon E-Hwa has signed a three-year supply contract with Tesla that runs through 2028. The pillars will be used to connect the Cybertruck's body to its roof.

Seoyeon E-Hwa is a division of the Korean Composite Stock Price Indexes (KOPSI), which tracks the Korean Stock Exchange. However, it also produces interior parts for vehicles. The supplier's move to rent a facility in Mexico suggests that Tesla is taking steps to begin production of the Cybertruck, despite skepticism from some quarters. There have been many sightings of various Cybertruck prototypes out testing, and Elon Musk has reiterated the Cybertruck's timeline over and over.

The reality seems to be that there will eventually be Cybertruck EVs on our roads. During Tesla's recent Q3 2023 earnings call, Musk mentioned a potential Tesla Cybertruck handover event that could happen around the end of the third quarter of 2023. While the Cybertruck will rely on different design and manufacturing practices than the norm, it will still retain common components and methods used by the auto industry for years.

Source: Maekyung