China is already the centre of Lithium Universe and is moving fast with multiple Megafactories to become the largest market for Lithium Batteries. I expect that China will become the largest market for electric cars this year as well. All major auto-makers have opened J/V operations for EVs in China in order to access the largest auto-market in the world. There are 28 companies in China now which are building 51 models of electric cars already! They are not like Tesla from Elon Musk yet, but we are getting there very fast and Elon Musk himself is coming with his best in the world EV Lithium Technology to build Tesla Model 3 in China as well.
International Lithium Announces Closing of Private Placement, Advances Operations In North America.
ILC President, Kirill Klip comments "International Lithium is beginning a new phase of strategic developments through new potential acquisitions and strategic partnerships. The availability of affordable electric cars is almost here with models like GM's Bolt and Tesla's Model 3 coming into production this and next year. This will greatly increase the demand for lithium batteries in North America. Our new strategy recognizes this opportunity and we seek to meet the demand for lithium in North America's massive automotive markets. Together with Ganfeng Lithium we continue to advance our projects in Argentina and Ireland building on a vertically integrated lithium business in China, the centre of today's lithium industry where prices for the green energy metal are currently escalating. Newly formed alliances with companies like Pioneer Resources, will help us focus our expertise in recognising opportunities and building up a resource base, while minimising our capital outlay to advance the projects to build the secure supply of lithium for the North American market." Read more."
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. International Lithium is building vertically integrated lithium business with Ganfeng Lithium.
"Elon Musk is looking for the Tesla Motors factory place in China and the production could be started in 3 years time. He is going where the largest auto-market is and China will welcome him with open arms. We have the state-level military plan to build the new strategic industry in China - Electric Cars in action. Why compete with ICE Age dinosaurs if China can leapfrog straight forward into the Next Industrial Energy rEVolution? 75% of Lithium Hydroxide is controlled by China now, it goes into Tesla Motors lithium cells made by Panasonic. Ganfeng Lithium supplies Panasonic with lithium materials as well as Warren Buffett's backed BYD, LG Chem and Samsung among many others. International Lithium is building vertically integrated lithium business with Ganfeng Lithium. Watch the video"
Say hello to China's first supercar, a crazy concept that debuted at the 2016 Geneva Motor Show.
Well, it's actually two concepts, with one version geared towards track use and the other looking like a formidable street car. Both of them come from Techrules, a new Chinese R&D business that has developed what it calls Turbine-Recharging Electric Vehicle (TREV) technology. The company wants TREV to be the solution for next-generation electric vehicles because they say the tech the ability to deliver unprecedented range and efficiency.
The company's claims seem pretty optimistic and far fetched; China's first supercar concepts are aiming to produce around 1,030 horsepower and 6,372 pound-feet of torque. Yes, those are real figures, as Techrules reports torque at the front wheels comes in at 2,124 lb-ft, while the rear has 4,248 lb-ft of twist. The result is a zero-to-62-mph time of 2.5 seconds and a top speed of 217 mph. Believe it or not, that might not be the most impressive stat. The company claims it is aiming for a range of more than 1,243 miles.
According to Techrules, TREV is a hybrid powertrain with a range-extender system that uses a micro-turbine to generate electricity that charges a battery pack. The company plans to begin series production of TREV technology in a low-volume supercar of its own design within a couple of years, with production of high-volume city cars coming a few years later.
As for the two concepts, the first is the AT96, which refers to "Aviation Turbine" that is configured to run on a liquid fuel such as aviation kerosene, diesel and gasoline. As a track-focused version of the supercar, it features a large rear spoiler for added straight-line stability and additional downforce.
The street version is the GT96 for gas turbine and is designed to run on gaseous fuels such as biogas and natural gas. The curb weight of the development vehicle is currently 3,042 pounds, but the company is targeting under 2,200 pounds dry for the production model.
Will China's first supercar concept become a reality with these seemingly crazy specifications? We've seen crazier stuff happen."
Disclosure: I am/we are long TRRXF, ILHMF.