China will surprise a lot of people with its leading role in the Next Industrial rEVolution. Electric Cars are the strategic industry and there is a military plan in place to secure all necessary strategic materials and technology in order to leapfrog the ICE age directly into the post carbon economy and leave Oil Needle in the dust behind. You will have to learn the new names like Tianneng Group and Ganfeng Lithium - strategic partner of International Lithium. China is already the centre of Lithium Universe, breaking fast into the largest lithium battery makers status and will become the largest EV market in the world this year. Lithium is the magic metal at the very heart of this rEVolution.
International Lithium Begins Brine Evaporation Process Studies on the Mariana Project With Ganfeng, Argentina.
We are moving full speed ahead in Argentina and starting our very close collaboration with Ganfeng Lithium by utilising their unique advanced R&D technology in extraction and producing Lithium Materials. Finally, this beautiful country will live to its full potential, proud people of Argentina is taking their country back!
Mr. Kirill Klip, President, International Lithium Corp. comments, "We are very pleased to be starting the first stage of our 2016 program with Ganfeng at Salar de Llullaillaco. The results of this work will prepare us for larger scale field tests at the salar.International Lithium And Ganfeng Lithium Move Mariana Lithium Brine Project Forward In Argentina.
The newly elected government in Argentina is taking several steps that will improve operating conditions for mining companies. These steps are opening a new chapter in Argentina's economic development and ILC is very proud to be part of this 21st century international cooperation!"
Mr. Kirill Klip, President, International Lithium Corp. comments, "We have always viewed Argentina as a favorable location for mineral exploration and development and have been able to operate in a mutually beneficial manner with the local people and governments. The results of the recent elections have managed to give foreign corporations greater confidence in the future of business and mineral resource development in Argentina. We welcome the change and look forward to working with the newly elected officials and advancing our Mariana lithium brine project in cooperation with our strategic partner, Ganfeng Lithium. Security of lithium supply is becoming more important as witnessed by recent price increases in China, all in advance of the completion of new battery production facilities announced by Tesla and other manufacturers. We continue to build a vertically integrated lithium business with Ganfeng Lithium to meet the future demand of lithium products that will address the increasing demands for lithium raw materials and chemical products." Read more."International Lithium Receives Notice of License Renewals for the Avalonia Lithium Project, Ireland
"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."
China battery giant targets electric vehicle market
SHANGHAI -- China's 13th five-year plan, starting this year, calls for economic growth led by innovation. Whether the nation can achieve its growth target of at least 6.5% annually until 2020 hinges on its private sector, which has been burgeoning. The Nikkei asked Zhang Tianren, chairman of the Tianneng group, the country's major battery maker, about his views.
Q: Tell us what makes your company stand out.
A: We are the biggest supplier of batteries for electric bicycles and motorcycles in China. We not only produce batteries, but we also study, sell and collect them. Our sales network within China covers 60,000 shops. Our biggest customer is China's major electric bicycle and motorcycle maker, Aima Technology, which contributes over 1 billion yuan ($153 million) in sales annually.
Q: How competitive is your company's technology?
A: We are gaining on Panasonic and Samsung Electronics in terms of the quality of our batteries. Our battery allows for a 300-400km drive on a single charge. Although our technology is not yet on a par with international standards, we hope to catch up as soon as possible, taking advantage of massive demand for batteries in China.
Our goal is to provide an all-in management and control system for batteries, rather than simply supplying manufacturers with batteries. To meet that goal, we are making efforts in research and development.
Q: What is your plan to tap international markets?
A: Our strength is high quality for price. We have plans to open new sales branches in the U.S., Canada and Germany this year. In the U.S. and Canada, we are currently selling batteries for lawn mowers, electric tools and electric vehicles. But we have only started recently, and sales are still small. We have also made sales in Vietnam and Turkey.
Q: How do you view Japanese companies?
A: Japan is leading the world's battery technology. We hope to engage in joint studies with Japanese companies and research institutions. [By teaming up with us,] Japanese companies will be able to sell their products through our vast sales network in China.
Since our core subsidiary, Tianneng Power International, is listed on the Hong Kong stock exchange, tie-ups based on international rules are possible. We should be able to build a win-win relationship drawing on each other's strengths.
Interviewed by Nikkei staff writer Noriyuki Doi"
Disclosure: I am/we are long TRRXF, ILHMF.