On April 6, ministry spokesman Pen Sovicheat informed the Publish, ministry spokesman Pen Sovicheat, for South Africa-born American entrepreneur Tesla Inc.

The comment got here days after a significant billboard commercial for the US-based electrical automobile maker sprouted on an unopened showroom coated with the model’s brand alongside Boulevard de the Russian Federation in entrance of the ministry.

This sparked a wave of feedback and pictures on web boards and Fb teams fueling rumors that Tesla was set to determine its footprint in Cambodia, with some highlighting corporations of the identical identify listed within the enterprise register. of the ministry.

However Sovicheat identified that the register didn’t include any of the corporate’s subsidiaries and {that a} dealership had not been granted unique rights to distribute Tesla-branded automobiles within the Kingdom.

“The ministry additionally checked the record of mental property rights holders and located that no particular person or firm had obtained unique rights,” he mentioned.

The Publish examined the ministry’s register and got here throughout Tesla Engineering and Development Co Ltd and Tesla Industries Co Ltd, which have been included in 2016 and 2012, respectively.

Adisorn Chieu has been appointed director of each corporations and Preedawannalert Kompakorn has been appointed secondary director of Tesla Engineering and Development.

However the names have been simply coincidence.

Chieu informed the Publish that his Tesla just isn’t affiliated with the U.S. electrical automobile large and works with worldwide companions on expertise and engineering.

“My firm identify was registered in 2013, and it isn’t associated to Tesla Motors,” he mentioned, utilizing the outdated identify of the American producer.

“It is only a tech firm named after well-known scientist Nikola Tesla for inspiration. On the time, vehicles named Tesla weren’t very well-known in Cambodia.

“To be clear, we now have no reference to the import or licensed distribution of Tesla vehicles in Cambodia, however I want a good automotive provide for the market and the folks of the Kingdom,” he mentioned.

Neither Tesla nor distributors in Australia or Asia responded to requests for remark on the time of publication.

Sovicheat of the ministry mentioned poster campaigns sometimes accompany the entry of different auto manufacturers into the Kingdom corresponding to Mazda, Volvo and Mitsubishi, however famous that all of them had unique distribution agreements registered with the ministry.

“The ministry will proceed to watch this matter. Total, the Ministry of Commerce welcomes the growth in reputation of well-known manufacturers coming into the Cambodian market.

“It’s a image of belief between businessmen and enormous corporations that conjures up confidence within the Cambodian enterprise surroundings characterised by transparency and stability.

“It’s also proof that the Cambodian market has enough buying energy to grab the need for famend manufacturers to enter the Kingdom,” he mentioned.

Tesla manufactured simply over 180,000 automobiles and delivered almost 185,000 within the first quarter of this 12 months, the automaker mentioned in an April 2 press launch.

“We’re inspired by the great reception of the Mannequin Y in China and are quickly progressing in direction of full manufacturing capability.

“The brand new Mannequin S and Mannequin X have additionally been exceptionally effectively obtained, with the brand new gear put in and examined within the first quarter and we’re within the early phases of ramping up manufacturing,” he mentioned.

On the Nasdaq inventory trade, Tesla’s share value jumped $ 29.30 or 4.43% to shut on April 5 at $ 691.05 for a market cap of $ 663.31 billion, with 41 , 84 million shares traded.

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