The horrible air pollution in China pushes government to act and business is ready to use this opportunity and advance new Lithium based technologies to address this problem. This announcement is the crucial development for Tesla Motors and all Electric Cars industry. Tesla will pave the way for more affordable Electric Cars in China.
"As usual, the main groundbreaking developments are not getting the proper attention in the mainstream media. Contrary to the previous reports, Shanghai Municipal Government has granted to the buyers of Tesla Model S a free license plate. It opens the huge Shanghai market to Tesla Model S now and I am wondering whether the other Chinese cities will follow it now? It is definitely huge news for Tesla Motors and all Electric Cars. Despite the very strong support in China Electric Cars were not able to take off so far. Technology was still lacking behind the best government efforts in The War Against Pollution.
This year all major automakers have announced that they will produce Electric Cars in J/V enterprises with Chinese auto-makers and Elon Musk talks about the plans to produce Tesla model S in 3-4 years in China. Chinese companies are already among the leaders in the Lithium space and International Lithium is very fortunate to have Ganfeng Lithium as its strategic partner to build together Vertically Integrated Lithium Business, when our projects can potentially supply Lithium raw materials after the further exploration, development and confirmation of their economic potential."
"International Lithium has made major deals with Ganfeng Lithium just a few weeks ago and now we are moving forward developing our main projects. You can find details in my first post on this blog and in presentations. Good start will be to read our Newsletter as well. These projects' structures allow ILC to move forward developing Blackstairs and Mariana projects without diluting our shareholders at the very depressed price levels today. We are losing part of the project in the J/V format in exchange for the capital investment, but this is the main proper way to finance Junior Mining operations. You are getting the smaller piece of the project, which has received extensive due diligence from much stronger partner and capital for its development. In case of ILC the technology involved from Ganfeng Lithium is even more crucial than the capital."
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