We have another rising sector for lithium technology. Elon Musk is targeting this one as well now with its lithium home energy storage battery. Three Trillion dollar industries are investing in lithium technology now: Electric Cars, Mobile Devices and Energy Storage.
"Eric Wesoff reports on very interesting development in China. Boston Power is building its own Megafactory to produce lithium batteries and even the super cheap urban EV for ... $8,000. It will be the game changer for the booming market for EVs in China, where EV sales are up 320% last year. We have discussed LG Chem Megafactory before and now you can appreciate more recent move of our strategic partner Ganfeng Lithium. China is building very fast its new strategic industry - electric cars. International Lithium is the part of the vertically integrated Lithium business with Ganfeng Lithium in China."
International Lithium Corp. and Ganfeng Lithium Commence Work Programs on the Avalonia and Mariana Lithium Projects.
Report: Lithium ion batteries dominate emerging grid storage market