If you really think that Warren Buffett only eats fast food and drink Coca-Cola on CNBC you are up for a lot of surprises next 5 years. Like for example, who is the largest AC maker in China? And why are they buying Electric Car company? And how Warren Buffett is involved in Lithium Race? When you take $3 Trillion Oil market and add to it $4 Trillion global Auto-market and try them all to squeeze into the Energy rEVolution with its food chain of Electric Cars, Batteries and Lithium for those batteries - very interesting things are happening and even more interesting people are involved. You can start with Elon Musk and Tesla Motors, move towards Warren Buffett and BYD and start uncovering that China is already The Lithium Universe with the largest lithium market in the world, growing very fast to overtake Japan and Korea as the largest lithium battery market and its largest auto-market in the world will be matched in status by the largest Electric Cars market this year. Warren Buffett holds 10% stake in BYD - the largest producer of Electric Buses in the world and the largest producer of Electric Cars in China. Strategic partner of International Lithium, Ganfeng Lithium has already became the top five largest lithium producer in the world and controls with another Chinese company 75% of Lithium Hydroxide in the world, which goes into Tesla batteries. Today the largest AC maker in China buys one of the electric cars makers in China. Now in China 28 companies are making 51 models of electric cars already. The rest you will hear in the next 5 years and can find on the links below. Lithium is the magic metal at the very heart of this Energy rEVolution and China is executing its military plan to dominate this industry and leapfrog the ICE age technology straight into the post carbon future.
"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. Read more."
In 2012 WHO has reported about the Diesel Pollution As Cancer Risk, last week EU governments have pushed to DOUBLE toxic cancer hazard diesel emissions limits and postpone their implementation. Are we hitting the new low in Europe now, which will bring the total distrust and disrespect to all EU government institutions? All North American readers should watch Europe very closely now. Which shoe will drop next? The ugly truth is that it seems that nobody of auto-makers can comply with any toxic emissions standards under the real driving conditions.
Latest news from Volkswagen has just moved us from DieselGate to a full blown AutoGate: It is not only NOx cancer hazard diesel emissions, but CO2 as well. It is not only Diesel, but Petrol as well and it is not only Volkswagen … Just wait for the new revelations to come and watch how Electric Cars are taking over in the largest auto market in the world in China first and then spread like a wild fire all over the world. Who will benefit and who will fade into oblivion? You can make your own decisions with the facts presented on my blog. Read more."
Lithium Race: China's Biggest Air-Conditioner Maker Buys Electric Car Company.