AutoBlogGreen reports that Audi is moving into China with its partner FAW to produce Plug-In Hybrids. We are not surprised as all Volkswagen Group is betting on China now in order to stage the come back in the Electric space. What will be the better place than the largest auto-market in the world?
Powered By Lithium: Volkswagen Could Build Plug-in Hybrids In China ILC.v TNR.v LIT BYDDY KNDI
"Now Volkswagen joins Tesla Motors' Elon Musk with his dreams about the huge market share for Electric Cars in the largest auto market in the world in China. The largest number of the most populated and, unfortunately, most air polluted cities is situated in the same geographical place and Chinese government has announced the war on pollution. Electric Cars and China are destined for each other.
This move from the largest European automaker shows that risk of losing their proprietary technology can not stop automakers from entry in the most lucrative market. China is ready for it and is building Vertically Integrated Lithium Battery Business and waiting for the access to the best latest Electric Cars technology. Electric Cars are benefiting from government incentives only if they are produced in China. Daimler was one of the first to show the way with its Denza Electric Car - product of the J/V with BYD - Shenzhen BYD Daimler New Technology Company. Lithium Materials producers are keeping ear close to the ground in China and ramping up its production facilities already now."
Strategic Partner, Ganfeng Lithium, Receives Approval to Purchase Interest in International Lithium's Mariana Brine Project, Argentina ILC.v TNR.v
International Lithium: Ganfeng Lithium Is Halted Pending Major Acquisition ILC.v TNR.v LIT TSLA KNDI
"We are following International Lithium here with its strategic partner from China Ganfeng Lithium. Elon Musk with his Tesla Gigafactory has brought a lot of attention to the Lithium strategic commodity story and Asian companies are coming into the spotlight as well now. LG Chem is talking about building major Lithium battery plant in China and Lithium Materials Industry is getting the green light from the Chinese government in its efforts to curb the horrible pollution.
"Kirill Klip, president of International Lithium (TSXV:ILC), views the announcement of Tesla's Gigafactory as a "groundbreaking development."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
Tesla "brought attention to what Elon Musk has accomplished," Klip told Lithium Investing News. "He showed to everyone that electric cars are not toys anymore - they are for real."
"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")."
"Audi and its Chinese joint-venture partner FAW have announced that they'll be building a production version of the Audi A6 E-Tron Concept, shown at the 2012 Beijing Motor Show. Based on the China-only long-wheelbase A6, the plug-in-hybrid model is being targeted specifically at the People's Republic.
Audi is promising a 50-kilometer (31-mile) electric range for the fuel-sipping sedan, although there are precious few details beyond that. We do know, though, that this will be a Chinese-built vehicle, with assembly slated for the FAW-Volkswagen joint-venture factory in Changchun. We presume we'll find out more when the Beijing Motor Show kicks off a few weeks from today.
"We are the market leader in China's premium segment and will continue systematically with the application of efficiency technologies. Audi is thus supporting the Chinese government's targets for the reduction of fuel consumption," said Dr. Dietmar Voggenreiter, the president of Audi China.
Take a look below for the full press release from Audi and FAW."