Apple's Titan project, reported by WSJ now, to build Electric iCar brings new attention to our EV industry. Electric cars are considered the strategic industry in China already and lithium battery technology development is the key to the success of electric cars. Tesla Motors demonstrates this technology in action. I do hope that we will all win in this war - new cheaper and better lithium batteries will bring us the mass market in electric cars. It is not all about oil, it is about the air we and our kinds breathe. The stakes are very high in this lithium race. Now you can get a glimpse into the technological race behind the labs' doors all around the world.
Boston-Power Aims to Rival Tesla With Gigawatt Lithium Battery Factories.
"Eric Wesoff reports on very interesting development in China. Boston Power is building its own Megafactory to produce lithium batteries and even the super cheap urban EV for ... $8,000. It will be the game changer for the booming market for EVs in China, where EV sales are up 320% last year. We have discussed LG Chem Megafactory before and now you can appreciate more recent move of our strategic partner Ganfeng Lithium. China is building very fast its new strategic industry - electric cars. International Lithium is the part of the vertically integrated Lithium business with Ganfeng Lithium in China. Read more."International Lithium Partner China's Jiangxi Ganfeng Lithium Signs MOU With Boston-Power Inc.
"Our strategic partner Ganfeng Lithium continues to build vertically integrated Lithium business in China. Now it is gaining access to the latest lithium batteries technology. International Lithium is the part of this international integration in order to secure the supply of lithium. Read more."
Disclosure: The author is long TRRXF, ILHMF.