The Guardian reports on the coming announcement by Tesla about its lithium battery for home energy storage. Raw materials for lithium battery are already rising in price and it is even before Tesla's Gigafactory and Chinese Megafactories are coming online!
Lithium Hydroxide - A Perfect Price Storm Just Before Tesla Battery Storage Announcement.
Joe Lowry has published another very interesting article on the current supply and demand in the different sectors of the lithium market and the coming shortage for the lithium battery grade materials. If you are interested in our sector - he will be the one to follow on twitter at https://twitter.com/globallithium.
Joe has recently brought to our attention the rising powerhouses from China in lithium materials sector and, as you know, I am personally involved with International Lithium and Ganfeng Lithium from China as well.
"War On Pollution" in China produces a range of new concepts of electric cars to conquer the largest auto-market in the world. Not all of them will become the hit in the market, but the trend is apparent - EV is the future for mobility in China. Government supports this leap into the lithium based technology to close the gap with western auto-makers. Security of supply for lithium takes the centre stage in the development of strategic industry - electric cars. Tesla Gigafactory has already spiked interest to the lithium batteries and Megafactories are being built now in China by LG Chem, Foxconn, BYD and Boston Power.
The Guardian:
Tesla's $13,000 battery could keep your home online in a blackout
"Elon Musk is a man who likes to make waves. Whether it’s privatizing space exploration or shaking up commuting with the Hyperloop high speed transport system, the billionaire technocrat aims big. Now his electric car company, Tesla, is planning to change the way people power their homes.In a tweet last month, Musk announced that Tesla would be unveiling a new product on 30 April. It is now widely thought to be a large battery capable of powering a house and an even larger “utility” sized power unit.Energy supply is a big business and a key market for Tesla, which has spent a fortune developing batteries for its cars. Home batteries can be powered up overnight, when energy companies typically charge less for electricity, and turned on during the day to power a home. They can also be used to store power generated by green - but intermittent - sources like solar and wind. Read more on The Guardian."
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