Not a lot of people know that Warren Buffett was one of the first who embraced lithium technology and backed Chinese giant BYD with his 10% investment stake. War on Pollution, Largest auto-market in the world and China's sate-level plan to develop electric cars as strategic industry produces very interesting results now. InsideEVs reports about the progress by the world largest electric bus producer from China.
Lithium Boom: Warren Buffett Goes Green - 35 BYD Electric Buses Are In Service At Amsterdam Schiphol Airport.
"A fleet of 35 pure electric BYD ebuses is in service at Amsterdam Schiphol Airport, making it the first major world airport to provide pure electric passenger transportation between the terminals and aircraft.Schiphol selected BYD after a competitive tender process. The BYD ebus has been proven in 47 major European cities and has not only demonstrated to be fully viable, but also to be environmentally friendly and to deliver a strongly reduced Total Cost of Ownership.The 12m BYD ebuses are the first in Europe to feature only two battery packs, based on the company’s renowned Iron-Phosphate battery technology. The reduced number of battery packs means more space and reduced overall weight."
Warren Buffett goes green with his investments in Solar and BYD and now it is a payoff time. BYD is riding the tide and making headlines all around the world with its electric busses, electric trucks and EV Qin has made it to the top 3 best selling electric cars.
Lithium Race In "War On Pollution": Investors Swarming Lithium Battery Market In China.
I continue to map the fast changing landscape for Lithium Battery business. Today we can start to add more Megafactories to the list. Tesla Gigafactory is being chased not only by Warren Buffet with BYD, but other well established players that we have discussed before: LG Chem, Foxconn, Boston Power and A123. Today we can start to dig out 17 new players in lithium battery space. I think that in the end we will have very similar situation to the Solar Panels - lithium batteries will become a commodity and price will drop dramatically. For my personal Holy Grail we need $100 per kWh - it will bring us my magic 20/200: $20k electric car with 200 miles range.
In the end we will have the overcapacity built and consolidation in the lithium battery space, but for now: the more - the better! State-level government policy to build new strategic industry: electric cars, brings its fruits already and new stimulus money which are fighting stock market collapse are sipping in the incredibly high growth lithium space.
The best players will be rising faster with this tide and Ganfeng Lithium is very well positioned for this growth. Ganfeng is building vertically integrated lithium business with International Lithium as strategic partner to develop the secure supply of lithium. Ganfeng newly built facility with 6,000 t/y of Lithium Hydroxide capacity is ready to supply this rapidly growing demand for high purity battery grade lithium. China now controls 75% of Lithium Hydroxide battery grade production facilities in the world. Prices are already going up even before all these Gigafactories will be coming on-line. Joe Lowry will be your best guide into the building shortages in the lithium market and a lot of broken dreams and promises in this industry. He forecasts the dramatic 150% rise in Lithium Demand over next 10 years and Apple Electric iCar is not even accounted for!
Ganfeng has bought a small Chinese mobile lithium battery maker last year and has secured 10% stake in revamped Boston Power, which is building its own Megafactory in China now. Check out our latest news from both J/V projects of International Lithium financed by Ganfeng in Argentina and Ireland.
Ganfeng has bought a small Chinese mobile lithium battery maker last year and has secured 10% stake in revamped Boston Power, which is building its own Megafactory in China now. Check out our latest news from both J/V projects of International Lithium financed by Ganfeng in Argentina and Ireland.
"War on Pollution" and state-level plan are driving this incredible advance in technological leap into post carbon world by China now. Leapfrog into EV space mass production is happening already. Not a lot of people realise that Warren Buffet is one of the major players now in China with his BYD investment and Elon Musk talks Tesla production in China while building Superchargers Network. It will charge the mass market with Tesla Model 3 rolling out in 2018. Apple iCar will change our landscape overnight and connection with Foxconn can be a very interesting twist to the whole story. Ganfeng Lithium already supplies LG Chem, BYD, Boston Power and Panasonic which supplies cells to Tesla Motors and investing in Tesla Gigafactory. International Lithium new aggressive stage of development will bring us closer to potential production for this well established top lithium materials producer in the world.
The Lithium-Ion Battery Megafactories Are Coming: Production To More Than Triple by 2020.
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."
InsideEVs:
"This past January. BYD unveiled in New Orleans its new all-electric coach bus C9.
With a 365 kWh battery and claimed 190 miles of range, it was a pleasant surprise.
As it turns out, these buses are already in production as we found a fleet in China at the Dalian International Conference Center
during Summer Davos 2015.
during Summer Davos 2015.
BYD delivered some 20 C9 VIP shuttles with capacity for 53 passengers.
with capacity for 53 passengers.
The Chinese company still claims 300 km (186 miles) or more range and over 100 km/h (62 mph) top speed. Charging takes 1-2 hours, so they must have access to 200+ kW chargers as well."
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