Warren Buffett can be right after all with his investment in BYD. After few tough years and exaggerated expectations company is making progress. BYD Electric Buses are making headlines all over the world now and BYD Qin Plug-in Electric Car seems to be on par with its technology, pricing and general expectations for the New Energy Car for its customers. New Energy is the key here - government in China is pushing again very strong towards cleaner economy to beat the horrible air pollution crippling life in all major cities across China and state-level plan to revolutionise and electrify the transportation is well underway. Now the Lithium based technology finally is making its possible.
Tesla Model s is going to be the very big hit among affluent Chinese customers, it will be interesting to see who can compete with Tesla Model E coming in a few years time to the Electric Cars mass market.
CNBC: Tesla’s Bet On Winning The Global Lithium Race TSLA ILC.v TNR.v LIT
Smog in China.
Investors are still connecting the dots and far reaching implications of the Tesla Gigafactory for the Electric Cars, Solar and Wind power industries. The real players are taking steps already to secure the supply of the strategic commodities like Lithium for the ongoing Electric Revolution. China is literally chocking up with pollution in all major cities and government has announced dramatic shift towards the cleaner economy. Electric Cars will be the very important part of it.
We will have to learn the new names like Ganfeng Lithium - China has very quietly built the Lithium Industry over the last few years and now controls the very big part of the world-wide Lithium Materials market. Now these companies have grown up and searching the globe in order to built vertically integrated conglomerates with value chain from raw materials to the Lithium Batteries. International Lithium from Canada has built the portfolio of Lithium Projects spanning the globe from Canada to Ireland and Argentina and is moving forward with development in the partnership with Ganfeng Lithium. Do your own DD and enjoy the ride, hopefully in the Electric Car!
"Kirill Klip, president of International Lithium (TSXV:ILC), views the announcement of Tesla’s Gigafactory as a “groundbreaking development.”
Tesla “brought attention to what Elon Musk has accomplished,” Klip told Lithium Investing News. “He showed to everyone that electric cars are not
