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Chinese company reportedly seeks to invest $10B in Afghanistan’s lithium mining sector

Green Car Congress

According to the Afghanistan Ministry of Mines and Petroleum, China-based Gochin Company company seeks to invest US$10 billion in Afghanistan’s lithium mining sector. Geologists have long thought that Afghanistan could have massive, untapped stores of critical minerals—ranging from trillions of dollars.

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Tesla offers free Fremont Factory tour to Chinese customers

Teslarati

Tesla is offering a chance to win a free Fremont Factory tour to customers in China who complete their delivery between May 25 and June 30, 2024. Tesla China recently announced the free Fremont Factory draw on its Weibo account. Tesla China did not mention how many customers will be named the free Fremont Factory tour winner.

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Tesla is accused of ‘supporting genocide’ for opening new store in controversial Chinese region

Electrek

Criticisms of Tesla are mounting up over the company’s announcement that it is opening a new store in Xinjiang, a region of China where human rights groups believe the Chinese government put over 1 million Uyghurs and members of other Muslim minorities in labor camps.

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Tesla China to store vehicle data locally while giving drivers access to it

Teslarati

Tesla has alleviated potential security concerns in China by announcing it will store vehicle data locally in a posting on its official Weibo page, a Chinese social media site. “If Tesla used cars to spy in China or anywhere, we will get shut down,” Musk said.

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Tesla Cybertruck tour to begin soon in China

Teslarati

Tesla’s brutalist and unashamedly futuristic Cybertruck is set to embark on a tour across eight major cities in China. The Cybertruck tour has the potential to generate interest among consumers and drive foot traffic to Tesla stores in China. Tesla China’s performance in the domestic market has been satisfactory.

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China EV maker XPeng inks strategic cooperation agreement with banks for $2B credit facilities

Green Car Congress

China-based EV company XPeng signed a strategic cooperation agreement with leading domestic banks at a signing ceremony held in Guangzhou, China, pursuant to which it will secure a credit line of RMB12.8 billion (US$1.98 billion) with an extensive range of credit facilities.

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Tesla (TSLA) drops on bad Chinese delivery numbers that mean nothing

Baua Electric

It’s not clear why, but some are suggesting bad Chinese delivery numbers are to blame. China is the world’s biggest auto market and by far the biggest EV market. Tesla has heavily relied on the Chinese market for growth in recent years. That leads to production shutdowns, closed stores, and fewer car sales.

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