Despite of all bumps on the roads for its electric cars, BYD is pushing forward and introducing K9 Electric Bus to the markets. Company is already engaged in number of Chinese cities with its Electric Buses, has signed strategic agreement with Argentina on building Lithium Batteries and Electric Buses plants and has announced the new Brand - Denza for BYD and Daimler Joint Venture for developing electric cars in China.
Lithium Drive: Warren Buffett: BYD signs over another 1500 vehicles to Shenzen, making the world's largest electric vehicle fleet
"While some people would like to make us all think that electric cars are polluting more than ICE ones, China moves fast with its Electric Cars program. If you have noticed from the Envia news about Lithium Wonder Battery - actual cell production facility is based in...China. Chinese companies are claiming larger stake in Lithium Battery production market now and Lithium Materials production is already a home turf for Chinese companies.
Companies like Ganfeng Lithium are staking their claims in Lithium Supply chain for the Green Revolution by investing in companies like International Lithium with world wide base of lithium projects.
BYD had a very bad publicity last year and now company is coming back. Warren Buffett backs the BYD and latest lithium battery breakthrough can make the very fast adoption rate for electric cars in China. There is the question of not only the higher gas prices, but urban survival with pollution from ICE cars, which is already reaching a very dangerous levels in major cities even with still the very low rate of cars per capita in China. Urban mobility in China and India will be impossible in any meaningful numbers without electric cars now."