According to people familiar with the matter, Ampace and ZXMOTO have entered into discussions on specific cooperation plans. ZXMOTO founder Zhang Xue and Lin Xiaojing, President of Ampace's Micro Vehicle Business Unit, attended the negotiations and exchanges. Earlier, Ampace released a themed video titled "ZXMOTO × Ampace," sparking widespread speculation within the industry about potential cooperation between the two parties. As a lithium battery enterprise jointly established by CATL and ATL, Ampace focuses on energy storage, short-distance mobility, power tools, drones, cleaning tools, and pan-robotics.

Australian mining executives are warning that Treasurer Jim Chalmers' proposed CGT overhaul — replacing the 50% discount with an inflation-linked rate that would nearly double tax on mining share gains — poses a structural threat to junior exploration funding. Junior resources companies rely heavily on retail investors, as institutional funds largely avoid the sector due to high failure risk; tighter CGT terms would reduce risk capital, leading to fewer discoveries and a thinner project pipeline. The industry is lobbying for junior explorers to be included in any start-up CGT carve-out, drawing comparisons to the 2010 resources super profits tax row that destabilised the Rudd government. Chalmers acknowledged industry concern but stopped short of a sector-specific commitment.

[Chery Automobile: Hopes to Enter US Market at the "Right Time"] On May 20, a senior executive in charge of international business at Chery Automobile, China's largest auto exporter, said the company was considering entering the US market at the right time but did not provide a specific timetable.

[Geely to Launch First Internal Combustion Engine Vehicle Model in South Africa, Plans to Build a Ten-Model Lineup] A senior executive at Geely Auto South Africa said that China's Geely plans to launch its first internal combustion engine vehicle model in South Africa and plans to complete its lineup expansion to approximately 10 models available locally by the end of 2026.

According to Mining.com, drilling by Canadian exploration enterprise San Lorenzo Gold at the Arco de Oro target within the Salvadora project in Chile indicated that the property may host several copper-gold deposits. San Lorenzo said on Friday (8th) that drill hole SAL-10-25 intersected 102 meters of mineralization at a depth of 153 meters with a gold grade of 1.33 g/mt, including 13 meters at the same depth with a gold grade of 2.21 g/mt. Nearby drill hole SAL-09-25 intersected 59 meters of mineralization at a depth of 238 meters with a gold grade of 1.07 g/mt, including 11 meters at a depth of 270 meters with a gold grade of 3.78 g/mt. "These drill holes indicate a larger mineralization system at Arco de Oro than previously recognized," said Terence Walker, Vice President of Exploration. "We appear to be entering the upper portion of a gold-rich porphyry copper-gold system that requires follow-up drilling." Calgary-based San Lorenzo has become one of the best-performing junior exploration companies on the Toronto Venture Exchange this year, with a series of discoveries at its Salvadora project in the Atacama Region of northern Chile. The project covers more than 90 square kilometers and is located approximately 15 kilometers from Codelco's long-producing El Salvador copper mine. Infrastructure including roads and power is well-established, with access to nearby mining services. Five Targets Arco de Oro is one of five porphyry and epithermal deposit targets at the Salvadora project. Earlier this year, early-stage drilling at the Cerro Blanco target intersected gold mineralization on multiple occasions, attracting investor attention and financing. In March, San Lorenzo raised approximately $20 million through a private placement to fund further exploration at Salvadora. San Lorenzo has been steadily expanding the extent of the deposit. Two months ago, the company added 29 square kilometers near Cerro Blanco by acquiring three nearby Rubi blocks and signing an option agreement. San Lorenzo said the geological setting at Salvadora is similar to other Andean porphyry deposits in Chile. Management noted that the broad mineralization intersections and multiple targets suggest the potential existence of a large-scale copper-gold mineralization system. Assay results from other drill holes at Arco de Oro have not yet been completed, and the company will continue drilling to verify the extension of the ore body, which remains open in all directions.

[Mercedes-Benz Trucks Invests $110 Million to Build New Factory in Argentina] Mercedes-Benz Argentina Trucks & Buses recently held an inauguration ceremony for a $110 million truck factory in Zárate, Buenos Aires Province. Senior executives of Mercedes-Benz stated that the factory has a maximum annual capacity of 10,000 units and will produce Atego and Accelo series trucks, as well as OH and OF series bus chassis.