Forbes: Nevs CEO Mattias Bergman
One more Chinese group has announced investment in electric cars. Largest auto-market in the world and "War on Pollution" with state-level incentives have already produced the largest Lithium Market in the world. Saab joins the EV club in China with Foxconn, BYD, SAIC, Guanzhou Auto, Chinese J/V with BMW, Mercedes-Benz and VW Group among many others. Lithium technology is making its way into the mass market for electric cars. With increased level of production for lithium batteries the costs will come down and we will have the dramatic increase of much cheaper EVs available to buy. You can find more information about Chinese companies involved in EV production on my blog.
How to achieve the explosive growth like International Lithium's strategic partner Ganfeng Lithium? You need to have the largest auto-market in the world, "War on Pollution" and state-level support for the new strategic industry - electric cars. After Tesla Gigafactory, LG Chem, BYD, Foxconn, Boston Power and A123 are building their own Megafactories. New automakers, like Guanzhou Auto in China are moving now into electric space with announcements almost every month. International Lithium is building strategic supply chain for Ganfeng Lithium, our J/V in Ireland and Argentina are financed by Ganfeng and now we are receiving results.
"Mr. Kirill Klip, President, International Lithium Corp. comments, "We are highly encouraged by what we are learning about the thick brine aquifers at Mariana. We look forward to completing the pump test which will give us a sense of the potential productivity of wells in these aquifers and we are confident that our plan to acquire these key preliminary hydrological results prior to a mineral resource estimation is both an expeditious and cost effective approach toward an initial production assessment."
Gary Schellenberg, CEO and Executive Chairman, notes that "Success in the initial drilling program by intersecting pegmatites under cover confirms the exploration strategy and methods we are applying in the Avalonia project. This gives us confidence as we move ahead with plans to test both new and historical targets we are developing along the lithium belt."
"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."
The Chinese-backed investment group that bought technology and assets from Sweden’s Saab in 2012 now says it plans to build a $400 million factory and R&D unit for electric cars in Tianjin, northeast China.National Electric Vehicle Sweden (Nevs) held a launching ceremony on Sunday in the Tianjin Binhai Hi-Tech Industrial Development Area, which also happens to be one of the auto maker’s new part owners. The other partner unveiled at the same time last month was Beijing State Research Information Technology Company (SRIT).“China is the world’s fastest growing market for electrical cars, but also the most competitive. We are likely to see closures and consolidations going forward,” the company’s CEO Mattias Bergman told me. “But there’s a gap in the market that we can fill.”