Competition is heating up in our electric space and now Audi is jumping into the high end EV market and will unveil its 310-mile Electric SUV rival to Tesla Model X in Frankfurt this Fall. This iconic German brand will find its own crowd to follow, I do hope that performance will match the hype of this announcement. The future is here and it is electric. Lithium is the magic metal at the very heart of this rEVolution.
We have another great news for our green rEVolution. Another "Hell On Wheels" for the Oil industry is in the making. Audi promises to bring it with 500 km of range in 2018. Tesla Model X will have the head-start, but I welcome all competition! Now all Range Rover lovers will have a choice to go green in style. Interesting facts are that Nissan announced its cooperation with LG Chem on the new lithium battery first, after that LG Chem announced Lithium battery with 500 km range. We had video with 544 km range on Nissan Leaf screen and now Audi is talking about "powerful cells" from lithium battery specialists LG Chem and Samsung SDI. You can read more about Lithium Battery Megafactories here. International Lithium is working with Ganfeng Lithium who supplies Panasonic for its cells for Tesla Motors and companies like BYD, Boston Power and LG Chem.
German engineering and iconic brand will bring us another very important stepping stone to the mass market with Tesla Model 3, GM Bolt and Nissan Leaf with the increased range. What can be better advertisement of EVs than thousands of them cursing around? This move will allow for lithium technology to be adopted in the highly priced SUV sector, where electric cars are already on par with ICE ones. Cheaper lithium batteries change everything and we will have mass market in EVs once electric cars will be comparable to petrol ones. The future is here and it is electric!
Lithium Boom: Warren Buffett's BYD Qin Made To The World's Top Three Best Selling Electric Cars In June.
International Lithium Corp. Reports on Continuing Work in Argentina and Ireland With Ganfeng Lithium.
Mr. Kirill Klip, President, International Lithium Corp. comments, "Our projects are advancing in tandem with rising lithium prices. The lithium supply chain is being stressed even before the commissioning of the Tesla Gigafactory and other megafactories from BYD, Foxconn, Boston Power and LG Chem. Our joint ventures with Ganfeng Lithium demonstrate that cooperation between companies with varying expertise in the raw materials supply chain can work to secure a supply of strategic commodities. In this case, lithium which is necessary for the clean energy initiatives announced by the U.S. and China. These two countries alone will provide mass markets for electric cars and home energy storage units increasing the demand for lithium batteries."