Our quest's post today dives into the Lithium Market and why this metal is chosen by the auto-industry for its Electric Cars all over the world.
Advance in Lithium Technology has made this kind of Electric Cars possible. BMW i8 is a Plug-In Hybrid - its full electric range is only 23 miles, but this car makes the statement how the Electric Future looks like already today. Lithium batteries are now the auto industry choice and this market will rise dramatically according to the recent report released by Navigant Research: "Lithium Ion Batteries for Electric Vehicles Will Surpass $26 Billion in Annual Revenue by 2023." I will not go into the heavy stuff today which is making Lithium Technology so special: like specific power, energy density and memory effect, but you can study it in the report:
“The shift to lithium ion represents a major endorsement of the ability of this chemistry to perform consistently in an automotive environment,” says David Alexander, senior research analyst with Navigant Research. “Most of the major automakers have introduced battery electric vehicle (BEV) and plug-in hybrid electric vehicle (PHEV) models in the last two years, almost all of which use lithium ion batteries for onboard energy storage.”
Europe is the very important market for our strategic partner Ganfeng Lithium: now we are advancing our Blackstairs Lithium project in Ireland under the $10 million J/V agreement with our partner from China.
"Ganfeng Lithium now operates its expanded production facilities which were put online last year. Company stock is halted due to "major asset acquisition announcement". ILC projects could become the part of Vertically Integrated Lithium Business supplying the raw materials to Ganfeng Lithium. Headlines about horrible air pollution in China are making rounds last couple of years and now Chinese government has declared The War on Pollution. I am proud to be the part of this fight for clean air with our International Lithium Team and this move provides the unique business opportunity for us. All major auto makers have announced J/V operations to produce Electric Cars in China and even Elon Musk from Tesla Motors is talking about Tesla Model S production in China in 3-4 years time."
I am looking forward to the start of BMW PGA Golf Tournament at Wentworth to meet BMW i8 and BMW i3 in person again! I will post some pictures."
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