Here we go: China is at its best in reverse engineering. Amount of money which is flying in China now with state level support of electric cars will allow even such brave experiments as trying to fight Tesla Motors with its copycats. Safety and battery performance will make all the difference here - price tag of 50% of Tesla Model S can find its own followers in China. It will be very important that cheap knock offs do not kill the healthy desire for electric cars, but hopefully regulations in China will keep up with safety in the exponentially growing market for EVs.
"Xu Heyi, chairman of BAIC Group, has forecast that China will become the world's biggest electric car market in 2016, or probably this year."
We have another catalyst to unlock the real potential of the largest auto-market in the world for electric cars. These additional benefits can bring us the tipping point for EVs in China even before Tesla Model 3 will create the mass market there.
International Lithium and Ganfeng: China’s Lithium Battery Market to Quadruple to $8.7 Billion in 2025.
This is where we are going: International Lithium is building the supply chain for Ganfeng Lithium and is part of this vertically integrated lithium battery business in China. Ganfeng Lithium finances J/V projects with International Lithium in Ireland and Argentina and we have the very encouraging news coming out. Western Lithium has taken out Lithium Americas with Cauchari lithium brine project and as you can see on the map below we have just a very few Salars left without ownership by major lithium player. Read more.