Thursday, June 11, 2009

Lithium and REE: Hitachi develops stronger lithium ion batteries TNR.v, SQM, ROC, DAI, TTM, NSANY, BYD, F, FXI, CDNX, CNY.v, WLC.v,, RES.v,

With every tic higher in oil price and latest news from China our Bull market is gaining more ground and followers. Inflation, collapse of US Dollar, Gold, Silver commodities and hottest of all: Lithium and REE - you already know our way of thinking. Next Industrial revolution needs its technological base: rolled out Electric Cars are still very expensive to become a mass market choice - with this kind of technological advances in batteries, range will be increased further and mass market batteries production will cut prices dramatically. Here our Lithium and REE economics will play on our side: their prices are non elastic being at 3-5% range of total cost of the batteries for example. Price of Lithium could rise significantly before it will affect buying side.

Hans Greimel Automotive News June 10, 2009 - 3:44 pm ET
TOKYO -- Japanese electronics giant Hitachi Ltd., which will supply lithium ion batteries to General Motors next year, says it has developed a fourth-generation battery that is 50 percent more powerful than the current version.

The new battery also uses lithium ion chemistry. But it gets 1.5 times the energy output because of reduced internal resistance, thinner electrodes and a new manganese cathode.
"We are going to start shipping samples to both domestic and foreign carmakers in the autumn," Hitachi spokeswoman Hajime Kito said last month. "We don't know which makers are going to use it yet, but we are hoping to start mass producing the batteries in 2013."
The new batteries have an energy density of 4,500 watts per kilogram, compared with 3,000 watts in the current third-generation power packs. The batteries are rectangular, not cylindrical.
The new technology allows Hitachi to pack more power into smaller, lighter bundles. Lithium ion batteries are seen as key to making more practical hybrid and electric vehicles because they are lighter and more powerful than the nickel-metal hydride batteries currently used.
Hitachi plans to start mass producing its third-generation lithium ion batteries for GM by next summer. Earlier this year, Hitachi received an order from GM for 100,000 battery packs for hybrid vehicles. A new factory slated to manufacture the batteries will be finished this fall.
In GM's viability plan given to the U.S. Treasury Department, company executives pledged to boost the number of gasoline-electric hybrids in the automaker's lineup to 26 models by 2014 from eight today.
Chieko Tsuneoka in Tokyo contributed to this report"
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