Musk, Argentine President See Eye-To-Eye on Boosting Free Markets, Lithium

Billionaire Elon Musk reacting- File Phot/Reuters
Billionaire Elon Musk reacting- File Phot/Reuters
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Musk, Argentine President See Eye-To-Eye on Boosting Free Markets, Lithium

Billionaire Elon Musk reacting- File Phot/Reuters
Billionaire Elon Musk reacting- File Phot/Reuters

Billionaire Elon Musk and Argentina's libertarian president promised to work together on Friday to promote free markets as well as potential lithium projects after the two likeminded men met in Texas, home to the tycoon's Tesla electric car company.

The chief spokesman to President Javier Milei said the pair visited Tesla's Austin headquarters and discussed a variety of topics, from the need to boost declining birthrates worldwide to pursuing technological development while defending "liberty."

Musk, one of the world's richest men, has previously showed his admiration for Milei's full-throated embrace of private enterprise and his distain for what he sees as socialist excesses.

In comments to local media, Argentina's incoming ambassador to the United States, Gerardo Werthein, noted that Musk and Milei also discussed lithium, the ultra-light metal seen as key for the rechargeable batteries needed for future fleets of electric vehicles.

"We talked about the investment opportunities in Argentina in lithium... We're very committed not only to exporting raw materials but also to adding value," said Werthein in comments published by newspaper La Nacion.

"(Musk) said he wants to help Argentina," added Werthein.

Milei also offered his support for the dispute over Musk's social media platform X, previously Twitter, playing out in Brazil, according to the statement from Milei's spokesman Manuel Adorni, which was posted on X.

Last Sunday, a Brazilian Supreme Court judge opened an investigation into Musk after the billionaire said he would reinstate X accounts that the judge had ordered blocked.



China's Geely to Launch Hybrids with More Fuel-efficient Engines

FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo
FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo
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China's Geely to Launch Hybrids with More Fuel-efficient Engines

FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo
FILE PHOTO: The Geely logo is seen at a car dealership in Shanghai, China August 17, 2021. REUTERS/Aly Song/File Photo

China's Geely Holding Group on Wednesday said it would launch a series of hybrid models in the first half of next year equipped with its next-generation, more fuel-efficient engine.
Geely's engine achieves a thermal efficiency of up to 46.1%, according to a product certificate issued by the government-owned CATARC Huacheng Certification Co.
Geely said this was among the highest in the world, and would reduce fuel consumption and extend driving range, Reuters said.
The new models will be launched for Geely Auto's Galaxy series and its Lynk & Co brand.
Plug-in hybrids are the fastest growing fuel-type sector in China thanks to their affordability, and competition in the sector is intensifying.
BYD on Tuesday launched two hybrid sedans equipped with its new hybrid tech, priced from 99,800 yuan ($13,800).
BYD said the new hybrid tech enables fuel consumption on depleted batteries of 2.9 liters per 100 km under New European Driving Cycle tests, with a thermal efficiency of 46.06%.