"Daimler will spend about $125 million in coming years to increase production of lithium-ion batteries in eastern Germany. The German automaker said on Monday it will expand capacity at Deutsche ACCUmotive, its battery-making division in Saxony as it expects "high and steadily-growing demand" for electric-car batteries. Daimler said, the unit supplies batteries for the luxury Mercedes division's hybrid S-Class, E-Class and C-Class models. Steps to increase battery output tie in with Daimler's plans announced last month to phase out production of lithium-ion battery cells at its second Saxony-based Li-Tec division by the end of 2015."
Let's put some numbers and technical details of the "Shale Oil Revolution" into perspective. Please make no mistake: Currency Wars are moving fast into Energy Wars or, more precisely - Shale Oil Wars. The economic miracle in U.S is based on the cheap energy and strong US dollar will be killing it fast. The weaker US Dollar must come to save the Shale Oil now.We have the technology to change all this geopolitical picture ones and for all - Electric Cars and Elon Musk with Tesla Motors has demonstrated the power of lithium based power-trains. When finally will it be fully embraced, using this opportunity of the borrowed time of "Shale Oil revolution?" Read more."
Elon Musk talks about the Gigafactory and incredible numbers behind his vision: "Everything will be fully electric, except for Rockets!" In China his vision can be the only way forward with personal mobility due to the terrible level of air pollution. Read more."