Friday 29 August 2014

China Welcomes Electric Cars: Tesla Motors, China Unicom Plan 400 Charging Stations.


  As I have discussed with you here before, Elon Musk is taking the largest auto-market in the world very seriously. Needless to say that this Supercharger Network will be the base for the mass market for electric cars in China. Now we are waiting for Tesla Model III coming out in 2017 with $35k price tag and 200 miles range. Tesla Gigafactory will make this development possible with better and cheaper lithium batteries. After establishing Tesla Motors brand in the luxury sector with Tesla model S and Tesla model X Elon Musk will move down the value chain into the mass market for electric cars.
  Foxconn plan for the $15k electric cars is the wild card here, it remains to be seen who will be involved in its implementation, but I can tell you my personal observations already now: Electric Cars are here to stay and they are taking over the largest auto-market in the world right now like the wild fire. If you are still looking for the next Apple: Elon Musk, Electric Cars and China could be pointing out to the Next Big Thing.


And here is another twist to the story:


BYD Chairman: China Is Weighing Tax to Help Electric-Car Effort

"Wang Says Government Can Mandate Construction of Charging Stations"

  I will provide a few links for you to find out what our strategic partners are thinking about the recent developments in China in electric cars space and, particularly, with Tesla moving in.

"Mr. Kirill Klip, President, International Lithium Corp. comments, "We are excited to spearhead this international collaboration and program that sets a precedent for sourcing metals that are imperative to the advancement of mobile devices, electric vehicles and alternative energy. The demand for Lithium is continually on the rise and there are shortage concerns which could impede on the growth of the green technology sector worldwide. The Irish government has taken this risk very seriously and pledged to facilitate the advancement of lithium production as part of an initiative to improve strategic metal supply chains. Together with Ganfeng Lithium, ILC has the opportunity to be part of this development and we are optimistic that we have a new potential source for the lithium battery supply chain".

Mr. Wang Xiaoshen, Vice Chairman/ VP, Ganfeng Lithium Corp. notes, "Recent news that corporations such as Tesla and Panasonic are making significant commitments to build gigafactory battery plants will significantly impact the demand for Lithium. Similarly the Chinese market will become increasingly more important to companies like Tesla in the near future. These two reasons make BLL an ideal prospect for the lithium industry."

China Rolls Out Welcome Mat for Electric Cars: Ganfeng Lithium Partners with International Lithium in Argentina and Ireland.

Elon Musk With Tesla Gigafactory Starts The Race To Secure Supply Of Lithium Batteries And Lithium.


Tesla is aggressively planning to capture the Chinese market and has joined hands with China Unicom for setting up charging stations
Tesla Motors Inc (NASDAQ:TSLA) has inked a deal with China United Network (also known as China Unicom) to set up charging points for its vehicles. The Elon Musk-led EV manufacturer, in collaboration with China’s second-largest mobile company, is set to establish 400 charging points in 120 Chinese cities at China Unicom outlets, according to Tesla spokeswoman Peggy Yang.  Additionally, both companies are considering building 20 supercharging stations that will be 16 times faster, said Yang.

Tesla Supercharger

Deal to address major hurdle for Tesla

In its deal with the China Unicom, Tesla Motors Inc (NASDAQ:TSLA) will supply the equipment for the charging stations, and China Unicom will offer the land. Yang reserved comments on the cost that will be incurred and said that Tesla customers will be able to charge their cars for free.
“The deal represents our biggest investment so far in charging facilities in China,” Yang said in a telephone interview with Reuters.
The limited number of charging stations is being considered to be one of the major hurdles in the success of Tesla Motors Inc (NASDAQ:TSLA) in China, raising questions over Beijing’s ambition to put 5 million green vehicles on the road by 2020. The central government is said to provide 100 billion yuan in aid for setting up charging networks in a bid to ramp up demand for clean cars, says a report from Bloomberg which cites two sources familiar with the matter.
After the project with Unicom is complete, the EV manufacturer will be able to offer quick service to customers in almost every part of China. The EV manufacturer has also entered into a deal with real estate developers Soho China and China Yantai Holdings Co to built a network of charging points across properties in the nation.

Locally produce cars, a viable option

Elon Musk, the man behind the innovative car company, is eyeing the hundreds of millions of dollars investment in setting up charging stations in China, after which the company will be aggressively armored to compete with foreign rivals such as BMW and Daimler AG, along with offering faster delivery to Chinese customers, who are baffled about late deliveries.
The Palo Alto-based clean vehicle manufacturer, under state law, is banned from locally manufacturering the car unless the company forms a joint venture with a local automaker. One Tesla Motors Inc (NASDAQ:TSLA) executive in China said that even though the company is manufacturing cars in its giant Fremont facility, it is still looking forward to manufacturing cars in China. Value Walk."

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