"The Chinese government has been encouraging consumers to buy electric cars as a solution to the pollution problems in the country, however the plan has been hindered by a bottleneck in the charging infrastructure. CCTV's Su Yuting reported this story from Beijing."
Charging infrastructure for the electric cars will be the challenge in China, but nothing is out of reach for the existing technology. Investments and government push in "War Against Pollution" will turn the tide. Better electric cars are coming on the streets. Tesla Model III and GM Volt will launch the mass market for EVs. LG Chem is building its Lithium Megafactory to meet to rising demand and Foxconn - manufacturer of iPhones - invests in electric cars in China. Next step in action now is to secure the supply of strategic commodities for this rEvolution - Lithium and REE.
Electric Cars are not only about the price of oil, but about the ability to enjoy personal mobility in the urban centres with millions of people packed in megalopolises in China and India. Lithium based technology makes it possible.
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.
"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."