InsideEVs reports another milestone for electric cars taking over the streets in Europe one by one. We need more better and cheaper BEV for the mass market and they are coming this year with Tesla Model 3 being unveiled at Geneva Auto Show in March and GM Bolt going on sale in the Fall after unveiling the production model at CES 2016 in just a few days time in January!
Go where the market is. Elon Musk is very fast to capitalise on the Volkswagen "Clean Diesel" Disaster and growing interest to the electric cars. Tesla was outselling BMW 7 and Audi 8 and was closing on Mercedes S in Europe even before Volkswagen emission scandal. Now consumers are ready to go electric - we just need cheaper and better electric cars to choose from. Tesla Model 3 will do the trick and will be unveiled at Geneva Auto Show in March. Elon Musk is already talking about Lithium Batteries Gigafactory being built in Europe and discussing it with German government.
I am always advocating for Tesla to come to Ireland and built its next Gigafactory there. Ireland has great tax regime, highly educated work-force and International Lithium J/V Avalonia with giant Ganfeng Lithium from China is getting ready for potential lithium supply now.
"Mr. Kirill Klip, President, International Lithium Corp. comments, "The Avalonia project joint venture, fully funded by strategic partner Ganfeng Lithium Co. Ltd., ("GFL"), could be of strategic importance to the European Union should a sufficient resource be identified. Clean fuel technologies for motor vehicles are becoming increasingly important to the European Economic Community to tackle climate change and the air pollution crisis in major urban areas. Lithium technology will play a major role when it comes to providing batteries for communication devices, electric vehicles and utility storage systems. Renewable sources of energy such as solar and wind power will also benefit from lithium battery technologies and become more commonplace as the problem of intermittency will be addressed providing steady power from these sources 24/7." Read more.
This news will be shock for a lot of people. Electric cars made by Tesla are just better than comparable luxury brands. All this data is for the whole 2015 up to September. Volkswagen scam is not even reflected in consumer behaviour! Tesla Model S is taking on Mersedes S already, outselling Audi 8 and BMW 7 by a very big margins. Welcome to The Silicon Valley Economics. Now this trend will only accelerate. To pay yourself to poison your kids with cancer hazard pollution is quite stupid after all.
Next step is to go for the mass market for electric cars, Tesla Model 3 will start it.The average price for a new car in U.S. was $23k in 2014. My magic formula is 20/200. $20k buys you BMW 2 type electric car with 200 miles range. Elon Musk will make it possible with dramatically reduced cost for Lithium Batteries to as low as $100 per kWh made at Tesla Gigafactory. If he will be able to commercialise Solid State Lithium Battery technology we are up for the real treat. Than Tesla Model S And X will go more than 500 miles on a charge very soon! Lithium is the magic metal at the very heart of this rEVolution. Read more.
" … I am using a lot of images, colours and videos. The wavelength is very important to get you tuned in properly, so that you can get the picture without any distortions. Digital age is helping us here. My Canadian will never allow me to put it short, smart and brilliant like Colbert: "I drive Tesla. I love it! It's fast - it's full electric. It's like a golf cart had sex with a Pegasus."
Another funny thing is when you put numbers in NR some people are just loosing it and discussing very strange ideas about our company, partners and projects. So I think that now you are ready to get the translation and you will find the full text of ILC NR below again for your convenience.
I will slow it down and will cut a new track for you as well. Basically, ILC was supposed to pay a loan back to Ganfeng in December of this year. All our assets were pledged against this last remaining loan. That is why International Lithium was trading as low as 1c at some point, despite of everything happening in EV and Lithium space. Now we do not have that loan any more. Our Team at ILC has hold the Net, nobody could pass us in that point. When leading Lithium materials producer in the World like Ganfeng with 1.7 Billion USD market cap respects your Net play and makes this deal it means only one thing: they respect the ILC Team and assets of International Lithium. Now Ganfeng's shareholders have approved increase in ownership in Avalonia Lithium in Ireland from 51% to 54% and Ganfeng has to spend total 10 mil CAD in order to bring its ownership to 79% and ILC will retain 21%. Please, do not calculate Avalonia value on 126k CAD "deemed to be paid" for this 4%. This deal has accounted for all complex calculations: and this small number is just a book value. Do not judge the game on the last drop shot - we had a lot of rallies before it. It is called access to the capital and best lithium materials technology to develop our projects. It means that I did not have to dilute our shareholders at 2 c. My translation from Chinese will not be better than yours, but Google tells me something close to: "1.7 Billion USD MC company from China like what they found so far with International Lithium in Ireland". English in our NR helps by advising that Ganfeng is approving budgets presented by ILC for further development at Avalonia.
Now back to loans and Mariana Lithium project in Argentina. Ganfeng's shareholders have agreed to finalise terms of our Exploration Loan for Mariana. We have transferred part of that last outstanding loan into this new credit facility with Ganfeng. Maturity is … in 2024. If we receive any payments related to Mariana Lithium project before it - they will go to pay back this loan and interest. Interest is 10% p.a and total amount is 2 million USD. It allows us to keep our 80% / 20% J/V promotion for another min 5 million USD spent by Ganfeng to advance the project. The exact numbers you can get from our financial statements, as usual. Plus to it International Lithium has 10% Back In Right, like an additional option on the project, when ILC can buy these 10% by paying the amount spent on development for 10% of the project plus 10% p.a. interest. This option works at any time before feasibility study confirming economic potential of the Mariana project is produced and some time after it to allow us time to exercise it. My translation from Chinese again will not be better than yours, but Google tells me something like: "1.7 Billion USD MC company from China like what they found so far with International Lithium in Argentina". English in our NR helps again by spelling that Ganfeng is approving budgets presented by ILC for further developments at Mariana.
The Last very important bit: Royalty. On both projects with Ganfeng, International Lithium will hold Royalty in case if ILC is diluted below 5% of the project ownership at Avalonia, Ireland and Mariana, Argentina. TNR Gold, our holding company holds Royalty on Mariana Lithium project with Ganfeng Lithium.
To stay "safe" please read carefully my disclaimer and always go to the sources: financial reports by ILC and TNR published on SEDAR. If you have never talked to the company and myself, do not even bother, please. Keep your money for the charity. Nobody can tell that it is done before it is done. I just putting all these pieces together for you to finish your own puzzle. You can see the very different picture in the end. And it is the beauty of it. Opportunity will always present itself … when Jim Cramer will announce that he bought ILC for his Charitable Trust. Stay tuned not to miss it. Best. Read more."
Elon Musk is charging into the mass market for electric cars with its Tesla Model 3. Are you still wondering why all cars will be electric? Tesla Motors CTO JB Straubel has made his best video explaining it all in depth: Tesla's History, Lithium Technology and Tesla Energy to bring the Sun, Wind and other renewables to power our rEVolution. Tesla was created not just to produce the very expensive luxury best cars in the world which happen to be electric. It has the mission to make it possible for all cars to be electric. Today I would like to introduce Tesla Model 3 which will bring us the mass market in electric cars properly. Enjoy!
And if you would like to know more where the lithium will come from to power all this rEVolution and disruption of the few Trillion dollar industries, be my guest on my blog and the links below. Lithium technology has made it possible to store electricity - the most efficient form of energy known to us. Now lithium batteries will become cheaper and it changes everything. Read more."
"According to the latest report on all-electric car sales (without the Twizy) in Europe released by Renault, the market is growing by 40-50% year-over-year in major countries.
Average growth for the Europe is +48.6% to some 85,000 BEVs sold through the first 11 months of 2015.
UK stands at nearly 10,000 BEVs sold in the first 11 months of 2015, Germany at over 10,000, France at around 20,000, and Norway at nearly 25,000.
All the results exclude plug-in hybrids, which are growing too, and together with all-electric sales added in, will exceed 160,000 units sold for all of 2015."
Disclosure: I am/we are long TRRXF, ILHMF.