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.”
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
#Tesla reveals plans for a new #factory in #Shanghai at shareholder meeting https://t.co/I0aiAwopKB pic.twitter.com/dL6c8AqpPJ
— Yicai Global 第一财经 (@yicaichina) June 6, 2018
#ElonMusk fends off challenge to #Tesla control, mulls #Shanghai 'gigafactory' in near future. https://t.co/rkT3PFSWOE pic.twitter.com/pEP7FzbLRz
— Yicai Global 第一财经 (@yicaichina) June 6, 2018
