"Eric Wesoff reports on very interesting development in China. Boston Power is building its own Megafactory to produce lithium batteries and even the super cheap urban EV for ... $8,000. It will be the game changer for the booming market for EVs in China, where EV sales are up 320% last year. We have discussed LG Chem Megafactory before and now you can appreciate more recent move of our strategic partner Ganfeng Lithium. China is building very fast its new strategic industry - electric cars. International Lithium is the part of the vertically integrated Lithium business with Ganfeng Lithium in China."
Mr. Kirill Klip, President, International Lithium Corp. comments, "We are very excited with the ability to continue to advance our projects to the next level through our partnership with Ganfeng Lithium. Recent announcements, by General Motors regarding the commencement of production of the battery-electric Bolt and Tesla with the ongoing construction of the Gigafactory and launch of the Model X, are strong indicators that the electric car is not only here to stay, but is the way of the future. As a result lithium will be a key ingredient in our daily lives and ILC will be ready to meet the demand for this raw and critical material."