The Japanese market for the technology is forecast to expand to about 700 billion yen ($6 billion) in 2030, the report added, citing PwC Consulting

The company aims to launch its first electric SUV, the XUV 400, in the first half of the next fiscal year.

Demand for neodymium and praseodymium, some of the most important minerals that Lynas mines, has soared in recent years as countries and companies try to tackle climate change

The Securities and Exchange Commission reportedly launched its probe after Kimbal Musk sold $108 million in Tesla stock last year

Tesla plans to start work on a new plant in Shanghai as soon as next month as part of a plan to more than double production capacity in China to meet growing demand for its cars, sources claim

The company, which made $500 million in Asia-Pacific, has stated a goal of improving its performance in China and the rest of the region

Shanghai plant production jumped 235% to over 480,000 vehicles in 2021, with one-third going to export markets

The US is concerned that low output of minerals essential to build future tech may leave it beholden to China and others that have heavily invested in mining

Vehicle tax measures include reducing import duty this year and next by as much as 40% for completely built EVs priced up to 2 million baht ($61,805)

The German group is pumping 35 billion euros into the shift to EVs and aims to become the world's largest electric carmaker by 2025

Chinese-owned, UK-based sports car brand split its operations last year into two: a company making vehicles and a luxury lifestyle unit

As major economies shift to electric cars in the global fight against climate change, lithium is being increasingly called “white gold”, as prices have soared over the past year.