Tesla CEO Elon Musk.
Ludovic Marin | Afp | Getty Pictures
Mongolia’s prime minister Luvsannamsrai Oyun-Erdene and Tesla CEO Elon Musk on Monday mentioned potential growth and investments into the Asian nation over a digital assembly.
“They mentioned the opportunity of welcoming Tesla to Mongolia for its electrical autos battery manufacturing facility, leveraging the nation’s vast availability of copper and uncommon earth parts, that are important elements 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 enhance the event of recent applied sciences and lift funding within the nation,” the assertion stated.
An announcement from the cupboard secretariat of Mongolia’s authorities added that the nation’s prime minister emphasised his help 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 providers 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 language vice premier Ding Xuexiang and different prime officers in China, as Beijing appears to painting a pleasant enterprise surroundings for overseas firms amid tensions with the U.S.
The Tesla CEO complimented China’s technological advances and visited the Tesla gigafactory in Shanghai.