The technology for electric cars is here, Elon Musk has demonstrated its potential, now competition in Lithium Batteries space will bring us mass market for EVs. Elon Musk, Warren Buffet, Tesla, BYD, LG Chem and Boston Power - lithium industry is getting to the real race now.
Backed By Warren Buffett China's BYD Takes Aim At Elon Musk's Tesla Gigafactory In Battery Race.
"Our industry is getting hotter by the day. After Apple Electric iCar rumours running wild and getting more and more confirmation, we have Warren Buffett stepping into the Lithium Battery Race. Now we have Tesla with its Gigafactory, LG Chem with its Megafactory in China and Boston Power with stake holding by or strategic partner Ganfeng Lithium in Lithium Battery Race. BYD with Warren Buffett backing is making this investment landscape even more exciting. As Elon Musk has said: "All transportation, apart from rockets, will be electric" Read more."
Ganfeng Lithium, strategic partner of International Lithium, is one of the lithium material suppliers for BYD. Interestingly enough, BYD is the part of China - Argentina mutual cooperation agreement and has announced plans to build the Lithium Battery and Electric Bus production facilities in Argentina. Our J/V with Ganfeng Lithium is developing Mariana Lithium project in Argentina now.
International Lithium Corp. and Ganfeng Lithium Commence Work Programs on the Avalonia and Mariana Lithium Projects.
Disclosure: The author is long TRRXF, ILHMF.