Korean companies are still missing out on Electric Cars and now are moving fast into the Hybrid space. If history can teach us any lessons they will be moving into Electric Cars by using all the learning curve of the first entry players like Tesla, Mitsubishi, Nissan and GM.
They can become a very important launch base for the mass market for Electric Cars: Korean auto makers are competing with Japanese automakers on price with acceptable quality for the mass production. Hyundai has totally missed financial collapse and recession - company was gaining the market share all these difficult years. While China will have to build brand acceptance for its auto production, Koreans brands are well accepted already in the West and transition to the Electric Cars can be made very fast.
Korean companies are very active in Lithium battery space and in Lithium supply chain as well.
"It is inevitable - the move out of Oil - we can chose now and try to make it more or less manageable and smooth and we have technology to do it. Electric Cars provide this opportunity. Price of Oil, properly accounted for all wars to keep it running and all military expense to protect the ocean supply lines is already much higher than the 100 dollars per barrel. This move will happen anyway, whether particular companies and their hired politicians want it or no - the question is when and at what price. The longer we all wait the higher the total cost of this transition will be.
For us it is the same situation as with Gold and Silver ten years ago - the forces of supply and demand and real economics will be driving this Bull, which can not be controlled even by Almighty FED. According to the admission of Mr Bernanke: "FED can not print Oil."
Listen to the James Dines and study your post carbon future with strategic commodities at the base of the Next Industrial Revolution: Rare Earths and Lithium."