Chinese lithium battery stocks rise as Tesla decides on Shanghai Factory

tesla china australia

Chinese companies that make products from battery testing have seen an increase in share prices. This happened after Tesla announced its plans for first plant in China.

“The news, which came from Tesla’s shareholder meeting on Tuesday, provided a buffer to Chinese electric car-related stocks that have been rattled this year by the government’s decision to raise the bar for subsidising purchases of new-energy vehicles.”

read more at scmp.com 

What does this mean for Australia?

At this stage any Lithium deal is great for Australia. As the world is slowly heading into the “electric age” lithium batteries are slowly replacing our engines and this means more business for Western Australia.

Want to know more read this article: How West Australians Lithium deposits could power the world

 

 

Lithium News – Chinese lithium battery stocks rise as Tesla decides on Shanghai Factory

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