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Shinhwa announced two expansion projects at its Auburn, Alabama facility to produce aluminum parts for the electric vehicle industry, including an assembly plant and an aluminum melting plant. The company also announced a partnership with Tesla Motors.
Samsung Electronics will supply semiconductors to Tesla Motors for self-driving features, according to a report by Electronic Times. The value of the order was not disclosed.
Yeonghwa Metal Co Ltd signed a contract with Tesla Motors, Inc to provide Housing and Differential products for the Model 3 in the U.S. The contract amount is 9.10 billion won.