We have exponential growth in China of electric cars sales from the very low base. Warren Buffett backed BYD is on track to be number one electric cars maker in China and I expect China to become the largest electric cars market in the world this year. Now 24 companies are making 51 model of electric cars in China alone! Today we can check the report from China Auto Web about the pure EVs made in China. Electric cars is the only available technology to bring personal mobility to millions of Chinese families, cheap lithium batteries change everything. Lithium is at the very heart of this Energy rEVolution in China now.
Even before Tesla Gigafactory is coming online in 2017 we have already "Lithium Market Upheaval in China". My outrages Lithium price of $15 per MT of LCE in 2016 is not so dramatic any more: Joe Lowry has recently reported that LiOH is priced in some deals in China at $20k per MT already. Time is to check where all this lithium goes into before BYD, Foxconn, Boston Power, Samsung and A123 with their Megafactories plus 17 new startups in Lithium Batteries in China are coming online. As you can see, from the data provided by ChiaAutoWeb Electric Cars in China are already growing very fast in numbers of different models and sales. BYD backed by Warren Buffett is holding the first place and I expect China to become the largest electric cars market in the world early this year. It is all happening very fast even before Tesla has moved to build its tesla Model 3 in China. International Lithium is building vertically integrated lithium business with Ganfeng Lithium. Read more."
China Auto Web:
|Deliveries of pure-electric cars in 2015|
|2||BAIC E-Series EV||BAIC||16488|
|3||Zotye Z100 EV||Zotye||15467|
|4||JAC iEV||JAC||over 9000|
|9||Kandi Panda EV||Geely-Kandi||3654|
|12||Zotye TT EV||Zotye||1984|
|18||BAIC ES 210 (Senova EV)||BAIC||243|
|19||BAIC EU 260 (Senova D50 EV)||BAIC||159|