Now we have the report from the ground in China how Electric Cars are picking up public interest with the government push for cleaner economy and unsustainable levels of pollution. You can find video on the CCTV link below.
China has already very advanced Lithium Materials Industry and is moving up the value chain into the lithium battery production and power-trains for Electric Cars. It all bodies very well with the latest push by China into the cleaner economy.
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"Investment letter writers are jumping on the Tesla Gigafactory news and are spreading the word about Lithium as Strategic Commodity. OTC stocks with the word Lithium are exploding - be very careful there: over the counter market is totally unregulated and the word Lithium maybe the only thing related to this metal in those stocks. Always do your own DD. You have plenty to chose from in the real Lithium Industry starting with producers and going as far as Lithium Juniors. We are talking here about those that we know, please read our full disclaimer. We Look for those with strategic partners - Lithium End Users, like International Lithium with Ganfeng Lithium who can provide Capital and Expertise to develop new projects."
CCTV:Electric cars get green light in China
Premier Li Keqiang vowed during the just-concluded National People's Congress to tackle China's massive pollution problem and that promise could lead to many more green vehicles in the country. Electric vehicles had already enjoyed a sales surge just before the two sessions started.
The sale of green vehicles has suddenly become a hot item as the government strengthens measures to curb China's choking pollution. Beijing and Shanghai late last month released a list of new energy vehicle brands that can be sold in the cities, breaking territory protection for the first time.
Shenzhen-based carmaker BYD sold 600 electric cars on the first day it entered the Beijing market. In addition, about 1,400 people have won the right to buy electric cars in China's first lottery for purchasing the environmentally friendly vehicles. Experts say 2014 might be the beginning of an e-car era in China.
"This year might be the first year for electric cars to belong to Chinese families," said Professor Ouyang Minggao at Tsinghua University's Dept. of Automotive Engineeting. "From the information we know, a household car market has already been initiated. To be honest, I think air pollution may push e-cars into Chinese families."
So far, there are only about 40,000 new energy cars in China. Analysts say the use of electric vehicles has been growing at a slow pace. However, analysts expect the use of green cars to gain traction as the smog worsens in China's cities."