Powered By LIthium: Mercedes Partners Tesla Motors Inc For New Electric Car ILC.v TNR.v LIT TSLA

  

  Mercedes is getting anxious with BMW i3 and i8 success and pushing now its own real Electric Car in the market. Mercedes B Class Electric is bigger than BMW i3 and has a range of 122 miles. Collaboration with Tesla Motors can bring better and cheaper batteries in the future to Mercedes Electric Cars as well. Elon Musk is talking about 400 miles range for Tesla Model S with the new batteries made on Gigafactory.

International Lithium: Nick Clegg Launches £500m Scheme To Boost Electric Cars In Britain ILC.v TNR.v LIT

  "International Lithium has chosen well the geographic locations for its Lithium projects. Ireland is the door to the European markets with friendly mining environment,  government tax incentives and open for business policy. After extensive due diligence phase, which has confirmed historic mineralisation at Blackstairs project,International Lithium has signed 10 million J/V agreement with one of the top world-wide Lithium Materials producers from China Ganfeng Lithium. 

  Now the company is finalising the budget for the next stage of Blackstairs development and drilling will start this season according to the ILC newsletter. UK is destined for Electric Cars and today's announcement will provide the huge incentives to take this business opportunity very seriously."

International Lithium: Moving Forward With Strategic Partner Ganfeng Lithium ILC.v TNR.v LIT

  
  International Lithium has issued the newsletter covering the latest transactions with its strategic partner Ganfeng Lithium from China.

ValueWalk:

Mercedes Partners Tesla Motors Inc For New $41,450 Electric Car

by Brendan ByrneApril 30, 2014, 6:16 pm

Mercedes-Benz is no stranger to Silicon Valley. Prior to the release of the new all-electric Model X SUV in 2015, Tesla will have to compete with a car which it has helped to power.

While Tesla Motors Inc (NASDAQ:TSLA) is the headline grabber in Silicon Valley when it comes to all-electric car design, they are not alone. Ford Motor Company (NYSE:F), Volkswagen AG (ADR) (OTCMKTS:VLKAY) (ETR:VOW), and Nissan Motor Co., Ltd. (ADR) (OTCMKTS:NSANY) (TYO:7201), all have physical R&D facilities in the region along with Mercedes who moved in over 20 years ago.

Many forget that Mercedes’ parent company Daimler AG (OTCMKTS:DDAIF) (ETR:DAI) still has a small ownership stake in Tesla Motors Inc (NASDAQ:TSLA). Tesla, for its part, knows that it needs to produce batteries for other manufacturers in order to enjoy long-term success. It’s for this reason that it intends to build a $5 billion “Gigafactory” that can produce as many as 500,000 battery packs per year once it is opened. The Gigafactory once operational would double the world’s output of batteries for electric automobiles.

Mercedes chief questions Tesla

It’s presumably for this reason that Mercedes-Benz USA chief Steve Cannon recently questioned Tesla Motors Inc (NASDAQ:TSLA)’s future.

“Good job, Tesla,” Forbes quoted Cannon saying, “but will they be able to maintain that with the others of us out in the market? That remains to be seen.” Arrogance aside, Mr. Cannon makes a prescient point.

Johann Jungwirth, the Silicon Valley-based president and CEO of Mercedes-Benz Research & Development North America, recently told Lauren Hepler ofSilicon Valley Business Journal that Silicon Valley remains important for Mercedes as it continues to cement agreements with tech providers like Google Inc (NASDAQ:GOOG) (NASDAQ:GOOGL), Tesla Motors Inc (NASDAQ:TSLA), and Apple Inc (NASDAQ:AAPL).

Predictive analytics for the car

There are roughly 160 Mercedes employees working in Silicon Valley on a wide array of projects including in-car entertainment, and data analytics. He sees more and more integration of the car and the Internet where smart watches keep an eye on your car, and your car can control your home thermostat.

“It needs to be beautiful. It needs to be useful. It needs to be useable,” Jungwirth said. “That’s our job here in Silicon Valley.”

Predictive analytics would allow cars to learn driver’s habits through a series of in-car sensors that could determine who is in the car with the driver and where they might wish to go. This could ultimately lead to Mercedes drivers to build a data profile that could then be transferred to another Mercedes.

“If you change (car) brands, you start from scratch,” Jungwirth said, underscoring the business implications of personalized tech tools. “We are very committed to bringing this to market.” The tech tools were recently demoed to a number of industry experts.

“The biggest challenge is data privacy,” he said. “We envision this as an opt-in model.”