We have the opportunity for a rare glimpse into the development of Lithium Industry in China. Majority of people have never heard about these companies, but we better start learning now. Elon Musk with Tesla's Gigafactory has spiked all industry and creating of a few Megafactories are in progress in China already.
"Joe Lowry has published a very interesting article about the lithium market, major producers and rising Chinese powerhouses in lithium industry. You can find now more details on International Lithium strategic partner Ganfeng Lithium. Apple Electric iCar and Warren Buffet BYD move into energy storage to chase Elon Musk with his Tesla Gigafactory bring Lithium back onto the radar screens of investors now. Read more."
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.