This is the real head to head competition between GM and Tesla Motors. Tesla has announced before that Model III will have 200 miles range and $35k price tag. Is GM really getting serious about electric Cars now? Reading the LG Chem Lithium Megafactory article will give you the idea about the long term strategic planning behind this move.
With LG Chem supplying the batteries I can see the next move that GM will try to fight Tesla's market share in the largest auto-market in the world in China. It is the great news for all electric cars and lithium technology industry! This technological advance coupled with announced by China "The War on Pollution" will bring the real mass market for electric cars in a few years time.
Rebuttal to Study: EVs Being More Dangerous Than Internal Combustion Vehicles.
Bill Williams puts all the nonsense about Electric Cars being more dangerous than with Internal Combustion engines vehicles to rest.
Lithium "Megafactory": LG Chem Breaks Ground For EV Battery Plant In China.
China is already the top lithium materials producer and now LG Chem will put it solidly on the lithium battery map. LG Chem plans are very ambitious - company plans to produce 100k batteries per year! Tesla Gigafactory rightfully attracts a lot of attention and LG Chem move will find its investment audience as well. All this production of batteries will need the secure supply of lithium.International Lithium is positioned to participate in this huge market opportunity in China as part of the vertically integrated lithium business with our strategic partner Ganfeng Lithium. Read more."
Powered By Lithium: Tesla Model III - The BMW 3 Killer Is Coming!
"Tesla Model III will be the game changer for the mass market for electric cars. Particularly for China it can be the only way forward in order to be able to increase the amounts of cars on its roads without chocking on the very dangerous level of air pollution, which is already causing serious problems for the country. Read more."
China Rolls Out Welcome Mat for Electric Cars: Ganfeng Lithium Partners with International Lithium in Argentina and Ireland.
"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. Read more."
WSJ:
General Motors Co. plans to launch a $30,000 electric vehicle called the Chevrolet Bolt that would be capable of driving 200 miles on a charge by 2017, according to people familiar with the strategy, a move to gain ground on Tesla Motors Inc.
GM will show off a concept version of the Bolt on Monday at the Detroit auto show, eight years after the auto giant disclosed it would re-enter the electric car market with the Chevrolet Volt. The Volt, on sale since late 2010 and redesigned for 2015, is being upgraded to get better capability and sharper design, and has a backup gasoline motor on board in case juice runs out.
The Chevy Bolt, carrying a more capable battery manufactured by South Korea’s LG Chem Ltd. , will be aimed squarely at Tesla’s forthcoming Model 3, a $35,000 electric car also slated to debut in 2017. The concept version of the electric car will be a hatchback designed to look more like a so-called crossover vehicle, according to people familiar with the design. The Bolt will be capable of driving four times farther than a Chevrolet Volt plug-in hybrid on a single charge.
GM has thus far struck out in its attempt to match its Silicon Valley rival. Recently, GM launched a $75,000 Cadillac ELR plug-in car that failed to dent Tesla’s dominance among luxury electric-vehicle buyers who have clamored for the Model S sedan.
By placing the Bolt in the high-volume Chevrolet line and giving it a name similar to the Volt, executives hope to polish Chevy’s image as a full-line vehicle manufacturer prepared to meet demand, regardless of prices at the pump, according to people familiar with the strategy. GM expects the Bolt to compete globally, including in markets such as China. It is unclear if a car similar to the Bolt would be inserted in the Opel, Cadillac or Buick brands down the road. Read more on WSJ."
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