Tesla CEO Elon Musk.
Ludovic Marin | Afp | Getty Photographs
Mongolia’s prime minister Luvsannamsrai Oyun-Erdene and Tesla CEO Elon Musk on Monday discussed possible expansion and investments into the Asian nation over a digital assembly.
“They mentioned the potential of welcoming Tesla to Mongolia for its electrical autos battery manufacturing unit, leveraging the nation’s huge availability of copper and uncommon earth components, that are important parts of electrical automobiles’ batteries,” in response to a press release issued on behalf of the Mongolian authorities.
The East Asian nation is wealthy in minerals and boasts massive deposits of copper, gold and coal.
“The Mongolian Authorities is dedicated to cooperating with worldwide organisations to assist increase the event of latest applied sciences and lift funding within the nation,” the assertion stated.
A statement from the cabinet secretariat of Mongolia’s government added that the nation’s prime minister emphasised his assist for using electrical automobiles and urged Mongolian residents to make use of such autos.
Musk and Oyun-Erdene additionally spoke about bringing Starlink — a satellite tv for pc communications terminals and companies supplier operated by the Musk-founded SpaceX — to Mongolia. Starlink was registered as a company in Mongolia in 2022 and is predicted to launch regionally this 12 months.
Musk’s assembly with the Mongolian chief comes after the tech large final week met with Chinese vice premier Ding Xuexiang and other top officials in China, as Beijing seems to be to painting a pleasant enterprise surroundings for overseas corporations amid tensions with the U.S.
The Tesla CEO complimented China’s technological advances and visited the Tesla gigafactory in Shanghai.
