"Volkswagen AG said on Tuesday, it would launch more than 20 models of battery-driven cars in China over the next few years. Jochem Heizmann, head of Volkswagen Group China, said, "In the near future, Volkswagen will be offering Chinese drivers over 20 NEVs, from small cars to large-sized SUVs, from plug-in hybrids to pure electric cars." Volkswagen has previously said it plans to introduce into China more than 15 electric or plug-in hybrid cars for Volkswagen and other brands it owns by 2018, many of which will be locally produced."
News about the terrible air pollution in China are all over the headlines. Chinese government is taking this matter very seriously and has announced the war on pollution. VW Group is moving forward to capitalise on this trend now. And we can see the first results in the China's government support for the strategic industry - electric cars.
China continues to build its new strategic industry - Electric Cars and now we can see the first results. International Lithium is well positioned to participate in this macro trend in China with its strategic partner Ganfeng Lithium.
"According to the World Bank, air pollution costs China as much as $300-billion a year in health problems and productivity losses.
In response, the Chinese central government just announced a slate of pro-electric car policies, including slashing charging station rates by 30%. Navigant Research predicts that global lithium ion battery sales will increase 400% by 2023.A Canadian company is strategically positioned to benefit from this macro-trend. Read more."