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Lithium Drive: Warren Buffett: BYD Signs Over Another 1500 Vehicles To Shenzen, Making The World's Largest Electric Vehicle Fleet

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While some people would like to make us all think that electric cars are polluting more than ICE ones, China moves fast with its Electric Cars program. If you have noticed from the Envia news about Lithium Wonder Battery - actual cell production facility is based in...China. Chinese companies are claiming larger stake in Lithium Battery production market now and Lithium Materials production is already a home turf for Chinese companies.

Companies like Ganfeng Lithium are staking their claims in Lithium Supply chain for the Green Revolution by investing in companies like International Lithium with world wide base of lithium projects.

BYD had a very bad publicity last year and now company is coming back. Warren Buffett backs the BYD and latest lithium battery breakthrough can make the very fast adoption rate for electric cars in China. There is the question of not only the higher gas prices, but urban survival with pollution from ICE cars, which is already reaching a very dangerous levels in major cities even with still the very low rate of cars per capita in China. Urban mobility in China and India will be impossible in any meaningful numbers without electric cars now.

Lithium Game Changer: GigaOm: A battery breakthrough that could bring electric cars to the masses

"After last week's "Bricking Out" outcry about Tesla Roadster batteries, Electric Cars developers strike back with the new lithium batteries technology breakthrough! Envia Systems claims the new lithium battery technology with Energy Density of 400 Wh/kg and cost of $125 per 1 kWh. Envia Systems joins German DBM Energy, which has been lost in translation recently with its wonder Kolibri Lithium Battery and confirmsElon Musk with his call on cost of Lithium Batteries dropping below $200 per 1 kWh soon. Now, even rumors about all electric Renault Zoe 2014 with 220 miles range could be more credible.

Our Lithium developers are waiting for this technology confirmation to break out from the consolidation stage now.
It looks like Warren Buffet will be right on the money again with his call on Electric Cars!"

Lithium Drive: Warren Buffett: "In not many years, you are going to see a clear change towards Electric Cars"

Lithium charge: Beijing to waive license plate lottery for electric vehicles

China Car Times:

BYD signs over another 1500 vehicles to Shenzen, making the world's largest electric vehicle fleet

Where is the world's biggest fleet of electric vehicles? Perhaps it is in a more cosmopolitan western city such as San Francisco, New York, London or Paris? Actually its not so surprising to learn that is in Shenzhen, the home of BYD Auto. BYD in recent years strived to put its electric know how onto the roads, however it has come across road blocks such as low consumer take up but at the same time it has found good customers in fleet users that are eager to take on EV's to lower running costs and again good publicity in the process.

Shenzhen City government has signed a deal with BYD to take on another 1500 EV's from the company which will be a mixture of 1000 K9 electric buses and 500 E6 passenger vehicles. Shenzhen's Development and Reform Comittee (OTCPK:SDRC) have been pushing hard to introduce more EV's into the city to lower running costs and improve the environmental situation in the area, the NDRC's director Mr. Lu Xiangshen commented: "Shenzhen is the first city in China to implement a subsidy for new energy vehicles and the first city to launch consumer sales of the BYD e6." The fleet of E6 taxis around Shenzhen have already given consumers a taste of electric cars and the city was one of the first in China to announce subsidies for EV's

Shenzhen city government are contemplating introducing other incentive policies include allowing pure electric drivers to use the public bus lane during rush hour, discounted insurance privileges, and free annual maintenance checks. China's Southern Power Grid Company has agreed to install free-of-charge, two electric vehicle charging poles for each Shenzhen EV driver - one at the home or apartment of the driver and another near or at the driver's place of business. Shenzhen City continues to offer extremely affordable peak and off-peak electricity prices for new energy vehicle users, reducing nightly charging costs to only 0.3yuan RMB per KWh (~$0.04 USD/KWh equivalent). The SDRC predicts that private alternative energy vehicle use in Shenzhen will increase by over 3000 units in 2012 and plans to install and support over 6,000 new charging pedestals

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