EV giant Tesla Inc (NASDAQ:TSLA) has reportedly told suppliers to start building components and parts outside China and Taiwan, starting as early as next year.
What Happened: The company has requested suppliers making printed circuit boards, displays, and electronics control unit systems to be used in Tesla vehicles sold outside of China to make them outside both China and Taiwan, Nikkei Asia reported, citing multiple supply chain executives.
The company cited mounting geopolitical risks in the region ahead of the upcoming U.S. Presidential election and is looking to build alternative supply sources to prevent supply chain disruptions.
Tesla discussed the matter with Asian suppliers ...