Shulou(Shulou.com)11/24 Report--

Thanks to CTOnews.com netizen Xiao Zhan cut the clue delivery! CTOnews.com June 7 news, Mongolia government website issued a statement today, Mongolia Prime Minister Oyun Erden and Tesla CEO Elon Musk held an online meeting on Tuesday to discuss potential investment and cooperation in the field of electric vehicles.

The Pexels statement also said Musk and the Mongolian government discussed a potential joint research project involving the use of rare earth elements and battery minerals.

Mongolia is rich in mineral resources, while rare earth minerals and copper reserves are also prominent, which are key materials in the electric vehicle supply chain. The country has recently started production at the Oyu Tolgoi copper mine, one of the largest known copper-gold mines in the world, which is expected to eventually achieve an annual copper production of more than 500,000 tons.

According to CTOnews.com previously reported, Tesla's battery capacity requirements are getting higher and higher due to the continued growth of sales of new energy vehicles. Panasonic plans to expand the capacity of its electric vehicle battery factory jointly operated with Tesla in Nevada by 10% by March 2026, a Panasonic spokesman said Monday, citing sources that this is Tesla's request.

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