If you really think that Warren Buffett only eats fast food and drink Coca-Cola on CNBC you are up for a lot of surprises next 5 years. Like for example, who is the largest AC maker in China? And why are they buying Electric Car company? And how Warren Buffett is involved in Lithium Race? When you take $3 Trillion Oil market and add to it $4 Trillion global Auto-market and try them all to squeeze into the Energy rEVolution with its food chain of Electric Cars, Batteries and Lithium for those batteries - very interesting things are happening and even more interesting people are involved. You can start with Elon Musk and Tesla Motors, move towards Warren Buffett and BYD and start uncovering that China is already The Lithium Universe with the largest lithium market in the world, growing very fast to overtake Japan and Korea as the largest lithium battery market and its largest auto-market in the world will be matched in status by the largest Electric Cars market this year. Warren Buffett holds 10% stake in BYD - the largest producer of Electric Buses in the world and the largest producer of Electric Cars in China. Strategic partner of International Lithium, Ganfeng Lithium has already became the top five largest lithium producer in the world and controls with another Chinese company 75% of Lithium Hydroxide in the world, which goes into Tesla batteries. Today the largest AC maker in China buys one of the electric cars makers in China. Now in China 28 companies are making 51 models of electric cars already. The rest you will hear in the next 5 years and can find on the links below. Lithium is the magic metal at the very heart of this Energy rEVolution and China is executing its military plan to dominate this industry and leapfrog the ICE age technology straight into the post carbon future.
"Even before Tesla Gigafactory is coming online in 2017 we have already "Lithium Market Upheaval in China". My outrages Lithium price of $15 per MT of LCE in 2016 is not so dramatic any more: Joe Lowry has recently reported that LiOH is priced in some deals in China at $20k per MT already. Time is to check where all this lithium goes into before BYD, Foxconn, Boston Power, Samsung and A123 with their Megafactories plus 17 new startups in Lithium Batteries in China are coming online. As you can see, from the data provided by ChiaAutoWeb Electric Cars in China are already growing very fast in numbers of different models and sales. BYD backed by Warren Buffett is holding the first place and I expect China to become the largest electric cars market in the world early this year. It is all happening very fast even before Tesla has moved to build its tesla Model 3 in China. Read more."
"All good things take time, care and patience. Lithium Technology is here and Energy rEVolution is coming next to you with GM Bolt and Tesla Model 3 igniting the mass market for electric cars. Slowly, but surely we are building our Vertically Integrated Lithium Business with Ganfeng Lithium with our J/V projects in Ireland and Argentina. Now it is time for Canada to shine and that wind for our sails I was talking last Fall about is coming. We have survived during the storm on the sand bank, now we know what to do when the tide is coming. I welcome all our new Partners to International Lithium, fasten your seatbelt, we are moving forward. Read more."
In 2012 WHO has reported about the Diesel Pollution As Cancer Risk, last week EU governments have pushed to DOUBLE toxic cancer hazard diesel emissions limits and postpone their implementation. Are we hitting the new low in Europe now, which will bring the total distrust and disrespect to all EU government institutions? All North American readers should watch Europe very closely now. Which shoe will drop next? The ugly truth is that it seems that nobody of auto-makers can comply with any toxic emissions standards under the real driving conditions.
Latest news from Volkswagen has just moved us from DieselGate to a full blown AutoGate: It is not only NOx cancer hazard diesel emissions, but CO2 as well. It is not only Diesel, but Petrol as well and it is not only Volkswagen … Just wait for the new revelations to come and watch how Electric Cars are taking over in the largest auto market in the world in China first and then spread like a wild fire all over the world. Who will benefit and who will fade into oblivion? You can make your own decisions with the facts presented on my blog. Read more."
- Gree Electric to fund Zhuhai Yinlong purchase with share sale
- Zhuhai Yinlong's lineup includes plug-in passenger cars, buses
Gree Electric Appliances Inc., China's largest air-conditioner maker, is buying electric vehicle company Zhuhai Yinlong New Energy Co. to diversify its business outside of home appliances.
Gree, based in the same southern Chinese city of Zhuhai, will finance the acquisition of Yinlong through a share sale and plans to release more information on April 4, in line with disclosure requirements, it said in a statement to the Shenzhen stock exchange on Sunday. The company didn't disclose a value for the purchase.
Gree aims to dominate the air-conditioning market globally and pursue "technology-oriented diversified development," according to its 2014 annual report. The company made about 85 percent revenue from manufacturing air conditioners and parts, with 10 percent coming from other household appliances including water heaters, according to the report. It sells two out of every five air-conditioners in China, according to data from Euromonitor International.
Yinlong, which started manufacturing batteries for electric vehicles in 2009, now has a line of seven electric passenger cars and 18 electric buses, according to its website.
Gree competes with Midea Group Co. and Haier Group Corp. in the world's most-populous nation and has factories in Brazil and Pakistan. The company derives 11 percent of its revenue from outside China.
Trading of Gree shares have been halted since Feb. 22 due to the acquisition. The stock was unchanged at 19.22 yuan on Feb. 19.
Disclosure: I am/we are long TRRXF, ILHMF.