Saturday, September 12, 2009

Electric cars and Lithium Demand: Spark from GM could use technology from Reva. TNR.v, CZX.v, SQM, ROC, FMC, WLC.v, RES.v,, CLQ.v, LI.v, F, DAI

Here India comes in our Electric Cars mass market development with potentially a new player.

"We are closely watching developments with Tata Motors in Electric Car space. Tata is producing the world cheapest car, if they will be able to move into electric cars' market and produce reliable cheap electric cars they will make our Next Big Thing really big. The same reason for our attention applies to BYD - both companies are lacking public recognition as a reliable car brands, but in our mass market they can become the driving force. China has overtaken recently USA as the biggest auto market in the world and both China and India can not grow their mobility to the western standard penetration rate without risk of suffocating their own population."

"Earlier this week, we had reported that Indian electric car maker Reva was going to reveal two new cars. According to ET Now, Reva Electric Car Company and General Motors India are in advance talks for not only a technical collaboration but also a joint venture.
P Balendran is the VP of Corporate Affairs at GM. He explained, “We have been pursuing opportunities for commercial application of alternative fuel options, including bio-diesel, jatropha arrangement with CSMCRI (Central Salt and Marine Chemicals Research Institute), electric, fuel cell, hydrogen etc, with many parties for quite some time.”
He further said that there are ongoing efforts and once they finalize their plans for using any alternative fuel solutions, they will make an announcement. The American carmaker will use technology from Reva for the electric variants of Chevrolet Spark small car in India as well as some other overseas markets.
What’s interesting is that this could well be the first deal for General Motors since they filed for bankruptcy. Presently, this proposed JV between the Detroit-based company and Reva is waiting for a go-ahead from their HQ. Many companies such as Toyota and Honda are keen on electric vehicles and GM is also following suit."
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