We have discussed with you my personal vision of the Market for Electric Cars and Lithium Industry developments yesterday. I might be very "responsibly conservative" for the prospects of our Lithium Battery Industry after all! Today you get the bold vision from our Electric rEvolution leader-in-chief Elon Musk. AutoBlogGreen reports: "Tesla CEO Elon Musk Expects "Hundreds" Of Battery Gigafactories."
"Tesla Motors has officially announced it will build a massive electric vehicle battery factory, which it calls agigafactory, to make a huge amount of cheaper lithium-ion pack for the EVs of the future. It says these packs are so important that it is working on plans for a gigafactory in two locations, just to make sure there is a Plan B if something goes wrong with Site A. But how many gigafactories could there one day be?According to Musk's vision, expressed at the World Energy Innovation Forum held at the Tesla Factory in Fremont this week (where he also said that using the Lotus Elise as the basis for the Tesla Roadster wasnot the best idea), the auto industry will one day need hundreds of battery gigafactories. Now, that's not hundreds of Tesla gigafactories, but he thinks there will need to be 200 just to supply the automotive industry. Throw in stationary energy storage and iPads that run all year, and the number climbs even higher. AutoBlogGreen."
LG Chem is already planning its own "Gigafactory" in China now. Everybody would like to have the slice of 26 B Lithium Battery Industry and "Battery-Pack Production For Plug-Ins, Hybrids, Triples In Three Years", according to another AutoBlogGreen report. Now you can appreciate this picture better:
Tesla’s plans to build Lithium battery Gigafactory have ignited interest to all our industry. They have received further confirmation now with the announcement that Panasonic has signed the letter of intent to participate in the project. Elon Musk has announced that Gigafactory Site Will Break Ground next month.
Due to the unique specific chemical qualities Lithium based chemistry for the batteries has become the automakers’ industry standard for their Electric Cars. Decades of research and billions of dollars invested in Lithium Technology have made it possible now. Tesla will invest 5 B in the Gigafactory and there are recent reports projecting the Lithium Battery growth into 26 B industry within next decade.
Goldman Sachs estimates that Gigafactory will potentially consume 17% of the current Lithium supply. Add to it Nissan and its partner Renault, BMW, Mercedes, WV Group, GM, BYD, KANDI and other names from China, which we are going to hear more and more - you will get a picture of dramatic increase in Demand for High Purity Battery grade Lithium."
Elon Musk confirms another very important outcome of his Tesla Gigafactory plan. It will not only reduce the cost of existing batteries by 30% and allow Tesla Model E launch with 200 miles range and price tag of 35k, but also Tesla Model S and X can get the better quality Lithium Battery Packs for up to 400 miles range. Once "affordable" Electric Car can go over 300 miles range the Electric rEvolution will be happening for real!
"I find it particularly encouraging that this year all major automakers have announced J/V plans to produce Electric Cars in China. Chinese government has declared war on pollution and we are proud to be part of such a noble case: to keep the air clean to breath, but allow personal mobility in most densely populated urban centres in the world. We are talking here about mass market for Electric Cars. Now we have the Lithium battery technology to make it happen. International Lithium works on the security of Lithium supply for this Electric Revolution.
Talking about Lithium demand, I have to mention the rapid growth in Alternative Energy. Solar and Wind Power will provide further increase in demand for the Secondary Storage, Lithium Battery technology advancing in this field very fast these days. Autonomous Robotics systems will be another very important customer in the future for the Lithium Industry."
You can find more information about International Lithium and our strategic partner from China Ganfeng Lithium here:
"I would like to share with you today the presentation about our strategic partner from China - Ganfeng Lithium. This partnership is the very important step for International Lithium and solidifies our business relationships. This company is one of the top Lithium Materials producers in the world. We have the new page on our website devoted to our strategic partner and you can follow the link for more information."