Saturday 28 June 2014

Powered By Lithium: Will Foxconn Make The Electric iCar For Apple Priced Under $15,000?

  Foxconn is not talking about the use of Tesla Motors patents or Apple being involved at this stage, but this is the kind of developments I am expecting to happen more and more after Elon Musk went Open Source with Electric Cars and opened Tesla patents to all. Foxconn is the largest contracts electronics maker in the world, including production of iPhones and iPads for Apple. I am not sure that we can certainly expect now that my dream -  the Electric iCar will be produced by Foxconn, but  they are the one who can make it.
  They can easily outsource the particular auto-making technology and develop Electric Car for the basic urban mobility targeting megalopolises in China and India. Foxconn's strength will be the existing low cost manufacturing base and very efficient management of the supply chain. I do not expect them to produce alone the competition to Tesla Model S, but another KANDI I can expect easily. And "The Big If" - if the Apple will be involved at some stage with its cash and marketing machine, than we can talk about Steve Jobs' dream in the making:

Lithium Drive: Steve Jobs’ Apple iCar dream - Mickey Drexler: "Steve’s dream before he died was to design an iCar.”

  Key to the success will be cheap, but reliable Lithium Battery with respectable range. LG Chem is very active in Asia now matching the Tesla's Gigafactory plans in their ambitions and we have the new players like Ganfeng Lithium with International Lithium coming into this promising market as well now. And here lies another twist to this story:
"Asked by the same shareholder about Hon Hai’s reported cooperation with U.S. electric car pioneer Tesla Motors Inc., Gou said he would not comment on any single client, adding only that Tesla is a good company and can help Hon Hai understand future trends in the car industry. TheChinaCap."
   Everything new in this life was started with the simple question: Why Not? Can we start talking that Tesla, Apple and Foxconn Is A Match Made In Heaven To Make Electric Apple iCar Under $15k? Tesla and Apple have met after all discussing SOMETHING before. Whether it was Tesla Gigafactory for potential production of Lithium Polymer Batteries for iPhones and iPads or my beloved Apple iCar my "Chinese tea leaves" are not telling me at the moment, but these three companies have everything in the world to make the mass market for Electric Cars happen overnight: Apple with its Billions of Capital, iconic brand and marketing machine, Tesla Motors with Electric Cars Lithium Technology and Foxconn with its Low Cost Manufacturing Base for mass market production and entry into the world's largest auto-market in China.

Lithium Catalyst: Apple Electric iCar Coming From Tesla? ILC.v TNR.v AAPL TSLA

"It will not take much to ignite Lithium Bull again - just four words will do: China, Pollution, Tesla and Apple. We have written extensively about three of them before and now we can have the groundbreaking development with Apple thinking about joining the Electric Party. Sufiy."

  Before we all get very excited let's see where this story will land in the end and who are those clients of Foxconn they are not talking about now? We at International Lithium are working on development of our Lithium Projects to make these dreams and mass market for Electric Cars possible one day in the nearest future. It will be done by somebody, I am sure - now we have some names to talk about.

International Lithium Corp. A Potential Source For Green Technology Minerals.

  "Rare Earth elements or metals (REEs) are essential elements in clean-energy technologies. In recent years REEs have received plenty of coverage concurrent to growing environmental concerns.  The rare-earth topic is no longer obscure and discussions regarding future REE shortages are beginning to emerge in mainstream media. Today international governments and organizations are pushing efforts to develop solutions to the rising scarcity threat, one of the biggest being that only 1 percent of critical materials are currently being recycled (they are difficult to recover economically), and so the race to find viable sources for REEs is on.

  The Green Technology Industry is the largest end-user of REEs and is continually growing with the development of electric vehicles and green energy electrical generators; wind turbines and solar panels. According to the American Chemistry Society, Lithium is among these endangered metals. China, which controls 97% of global rare earth production, has made significant investments in securing their supply. One excellent example of this is the recent news from China based Ganfeng Lithium Corp. regarding their 15million yuan (US $2.4 million) investment into International Lithium’s Blackstairs Pegmatite project in Ireland and the Mariana Brine project in Argentina for the 2014 budget year.  Ganfeng Lithium Corp. is one of the largest lithium product suppliers in the world supplying ILC with both capital and expertise and providing the global green technology industry with a new potential source of lithium supply. Read more."

International Lithium: Tesla Goes Open Source, Ganfeng Lithium Goes for Vertical Integration.

"Ganfeng Lithium news is making rounds now in the industry circles and Resource Investing News has published an interesting article on the recent developments in the Lithium and Electric Cars space. Read more."

International Lithium: Ganfeng Lithium Acquisition of Lithium Battery Company To Build The Vertically Integrated Industry Chain.



Hon Hai Precision Industry Co., a Taiwanese assembler of Apple Inc.’s iPhones and iPads, said Wednesday it is planning to make electric cars priced with an extremely affordable price tag — under US$15,000.
“The electric cars made by us will be very affordable,” said Terry Gou, chairman of the world’s largest contract electronics maker, in response to a question during an annual shareholders’ meeting.
Unlike current models that run as much as NT$2 million (US$66,800), most of the electric cars developed by Hon Hai will be priced under US$15,000, Gou said. He declined to give details on the cars or indicate when they may be launched.
Asked by the same shareholder about Hon Hai’s reported cooperation with U.S. electric car pioneer Tesla Motors Inc., Gou said he would not comment on any single client, adding only that Tesla is a good company and can help Hon Hai understand future trends in the car industry.
“The development of new-energy vehicles is just beginning,” he noted. “When integrated with cloud computing, the Internet, smart traffic and smart cities in the future, people will be able to drive more easily and reduce car accidents more efficiently.”
“This kind of technology is due in the next 10 to 20 years, and our company will make huge investments in it,” Gou said.
Hon Hai, often referred to by its trade name of Foxconn Technology Group, is seeking to transform itself into a technology services company to meet consumer demand and generate business growth in the coming years.
In its annual report to shareholders, Hon Hai said it is evolving from its existing “Integration-Innovation-Design-Manufacturing” base into cloud services, wireless 4G-LTE networking services and the e-commerce sector.
By the time the fifth generation (5G) of telecommunications rolls around, the company will shift its focus to developing automation and artificial intelligence and combining hardware and software applications to improve human life, the annual report said.
Hon Hai shares fell 1.73 percent to close at NT$96.50 Wednesday in Taipei trading.
Publisher: CNA
Published: 26/06/2014
Source: The China Post"

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