Please visit my blog for the legal disclaimer, videos and presentations:Elon Musk To Occupy Mars, But First He Opens The Doors For Tesla To The World's Biggest Auto market.
Elon Musk moves very fast and now the doors to the world's biggest auto market are wild open. Superchargers will make Tesla Model S capable to compete with ICE cars and Chinese government will do the rest. Air pollution is the nation wide issue and now government in China has announced the war on pollution. Electric cars are the very big part of this battle plan. Now one thousand fast chargers are being built in Beijing along and all new residential development must be wired for the electric cars. The new mandate is in place calling for 30% of all state owned cars to be electric.
China has escalated electric cars to the status of strategic industry and is building the supply chain of Strategic Commodities for the electric cars, mobile devices and alternative energy. LG Chem has announced its own Megafactory in China to produce 100,000 lithium batteries for electric cars per year.
International Lithium becomes the part of the vertically integrated lithium business in the huge market in China with its strategic partner Ganfeng Lithium.
Lithium Race: China Requires 30% of State Cars Use Alternative Energy.
As we have discussed here numerous times, China moves electric cars with its state-level plan into the strategic industry status. While West is still looking what is wrong with Tesla Motors and Tesla Model S Chinese companies are searching the globe and buying the best deposits of Lithium, Copper and REE. These will be the materials driving the next industrial rEvolution - electrification of our transportation systems.
High-speed railway network will solve the problem of mass transit in the future when Oil will be gone. China is building this network by thousands of miles per year and it is going to reach .... Singapore. Electric cars will solve the problem of mobility in the highly populated megalopolises.
Elon Musk goes Open Source with electric cars now and Tesla Motors patents are available for all. It is not just charity, but rather carefully calculated move. And it is not the attempt to diminish our leader-in-chief altruistic incentives behind this move. Reality is that Elon Musk targets the Chinese market now with Tesla Model S and what is more important - with the new mass market model of electric car from Tesla Motors. It would be re-engineered in any case in China, but now if you can make that car cheap and in mass numbers, your strong partners in Asia will help Tesla Motors to fight counterfeit and people will not by the sub par quality.
International Lithium Corp. Completes Payments on Mariana Lithium Brine Project, Argentina.
International Lithium Corp. A Potential Source For Green Technology Minerals.
U.S. electric carmaker Tesla Motors Inc. <TSLA.O> said it had "completely and amicably" resolved a trademark dispute in China, removing a hurdle that had threatened CEO Elon Musk's ambition to expand rapidly in the world's biggest auto market.It is the second time Tesla has announced an end to the dispute with Chinese businessman Zhan Baosheng, who registered the "Tesla" trademark before the Palo Alto, California-based carmaker came to China.
Tesla said in January that the issue had been resolved, but last month, Zhan moved to bring Tesla to court.
A complete solution to the long-standing trademark dispute would remove an obstacle to Tesla's growth plan in China, which billionaire cofounder Musk expects to become the company's biggest global market next year.
Beijing has unveiled a slew of incentives, including purchase subsidies and tax cuts, to accelerate sales of electric cars, a market also targeted by Volkswagen <VOWG_p.DE> and BMW <BMWG.DE>.
"Mr. Zhan has agreed to have the Chinese authorities complete the process of canceling the Tesla trademarks that he had registered or applied for, at no cost to Tesla," Tesla said in an emailed statement on Wednesday.
Separately, Tesla and Zhan have also reached commercial terms for the transfer to Tesla of certain domain names, including tesla.cn and teslamotors.cn, the company said, declining to give financial details.
"Tesla looks forward to continuing to grow its business in China and to expanding the impact of electric vehicles in this very important market," Tesla said in the statement.
Tesla's trademark dispute underscores a thorny issue faced by foreign companies doing business in China. Global companies like Apple Inc. <AAPL.O>, Koninklijke Philips NV <PHG.AS> and Unilever NV <UNc.AS>, have all been embroiled in trademark disputes in the country in the past.
Based in China's southern province of Guangdong, Zhan registered the trademarks to the Tesla name in both English and Chinese in 2006. He had in the past sought to sell the label to the U.S. company, but negotiations collapsed.
"Tesla has successfully concluded an agreement with Mr. Zhan Baosheng to completely and amicably resolve the dispute between the parties," Tesla said in Wednesday's statement. "These actions remove any doubt with respect to Tesla's undisputed rights to its trademarks in China. Business Insider."
Disclosure: The author is long TRRXF, ILHMF.