Another iconic business name joins our lithium battery club. Warren Buffet, Elon Musk and Sir Richard Branson will enjoy the company of Sir James Dyson. What is so exciting about the Solid State Lithium batteries? As Elon Musk has told numerous times, we have to see it first in the electric cars to get really excited, but lithium technology is developing very fast.
Lithium Technology potential was demonstrated by Elon Musk with Tesla Model S, now is time for urban mobility solutions to save China and India from horrible air pollution. And our own cities will benefit as well for our kids! Foxconn is talking about $15k EV and Boston Power about even $8k price tag. The future will tell whether they can succeed, but we are at the tipping point for mass market for electric cars already. Our strategic partner Ganfeng Lithium has signed an MOU to acquire the stake in Boston Powerand among the suppliers to Warren Buffett backed BYD in China. Europe is the very important export market for Ganfeng Lithium and we are very pleased at International Lithium to advance the Avalonia Lithium J/V project in Ireland. Our team is on the ground now preparing for the drilling on the newly discovered targets.
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