Warren Buffet can be right after all with his investment in BYD. After few tough years and exaggerated expectations company is making progress. BYD Electric Buses are making headlines all over the world now and BYD Qin Plug-in Electric Car seems to be on par with its technology, pricing and general expectations for the New Energy Car for its customers. New Energy is the key here - government in China is pushing again very strong towards cleaner economy to beat the horrible air pollution crippling life in all major cities across China and state-level plan to revolutionise and electrify the transportation is well underway. Now the Lithium based technology finally is making its possible.
Tesla Model s is going to be the very big hit among affluent Chinese customers, it will be interesting to see who can compete with Tesla Model E coming in a few years time to the Electric Cars mass market.
CNBC: Tesla's Bet On Winning The Global Lithium Race TSLA ILC.v TNR.v LIT
Smog in China.
Investors are still connecting the dots and far reaching implications of the Tesla Gigafactory for the Electric Cars, Solar and Wind power industries. The real players are taking steps already to secure the supply of the strategic commodities like Lithium for the ongoing Electric Revolution. China is literally chocking up with pollution in all major cities and government has announced dramatic shift towards the cleaner economy. Electric Cars will be the very important part of it.
We will have to learn the new names like Ganfeng Lithium - China has very quietly built the Lithium Industry over the last few years and now controls the very big part of the world-wide Lithium Materials market. Now these companies have grown up and searching the globe in order to built vertically integrated conglomerates with value chain from raw materials to the Lithium Batteries. International Lithium from Canada has built the portfolio of Lithium Projects spanning the globe from Canada to Ireland and Argentina and is moving forward with development in the partnership with Ganfeng Lithium. Do your own DD and enjoy the ride, hopefully in the Electric Car!
"Kirill Klip, president of International Lithium (TSXV:ILC), views the announcement of Tesla's Gigafactory as a "groundbreaking development."International Lithium In The Survey: Will Tesla's Gigafactory Be Good For Lithium? ILC.v TNR.v LIT
Tesla "brought attention to what Elon Musk has accomplished," Klip told Lithium Investing News. "He showed to everyone that electric cars are not
"Kirill Klip is making some rounds in the industry media with International Lithium these days. Stock has been halted pending the news announcement from the company now. You can get more information on Tesla Gigafactory, Ganfeng Lithium and International Lithium from the presentations below."International Lithium's Strategic Partner, Ganfeng Lithium, Takes Large Stake in Mariana and a $10 million Option on the Blackstairs Projects ILC.v TNR.v LIT
"Mar 19, 2014 (ACCESSWIRE via COMTEX) -- Vancouver, B.C. / ACCESSWIRE / March - 2014 / International Lithium Corp. (the "Company" or "ILC") announces several major transactions with strategic partner GFL International Co., Ltd. ("Ganfeng Lithium" or "GFL")."
It's hard to keep up with the Chinese electric car market - it's harder to find a good, reliable source for Chinese EV news. Oh yeah, wait, there were hardly any EV sales in China last year - not much has been going on there.
But things may be changing fast. The BYD Qin, which has is quite fast and has 70 km (44 miles) of all-electric driving range, has just hit the market. And it has really hit it. As I noted in January, 100 BYD Qin plug-in hybrid electric cars were supposedly sold within 2 seconds of being available on the internet for purchase. Here's an update, via EV Obsession, on sales in the first couple months of 2014:
BYD Qin Plug-in Hybrid Electric Car Is CRUSHING It In China
I shared China's 2013 electric car sales numbers in January. The total for all models came to 6,795. "In the first weeks of 2014," BYD reports that about 6,000 units of its new Qin plug-in hybrid electric car have been sold!
BYD notes that these ~6,000 sales account for "over half (50%) of the Chinese new-energy vehicle market." Of course, that puts it well at the top of plug-in car sales in China.
And the party's just started. "Analysts are not expecting sales to slow down any time soon as both Shanghai and Beijing announced earlier this month that they will now permit BYD new energy vehicles to qualify for local municipality green-vehicle incentives and be licensed in those regions. These signals along with the Chinese government's new fund committed for clean-air and fuel-efficient technologies in the form of consumer and government purchasing incentives are launching a new era in the China domestic automobile industry."
Here's more info on the BYD Qin and other electric car plans in the works:
BYD Senior Vice President Stella Li stated, "the news that QIN is a top selling vehicle should come as no surprise as there is simply no other vehicle this fast, efficient, stylish and affordable on the market, anywhere." The QIN consumes only 1.6 liters of fuel for every one-hundred kilometers (~62 miles) and accelerates 0-100 km/h (60 mph) in 5.9 seconds. This is only the first of many of BYD super-electric vehicles launching as the electric version of the S7-styled SUV internally named the Tang (pronounced "Tah-ng") is set to be released later this year. The QIN is currently available to domestic Chinese and Latin American markets and senior officials at BYD have discussed expanding exported versions of these new energy vehicles in the coming years.
We'll keep you posted as more BYD Qin news comes in."
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