BYD became the number one manufacturer of electric cars in the world this year taking over Nissan and Tesla. It is time check out what actually they are making to electrify our future and why this company is so important for the Energy rEVolution. BYD is the conglomerate from China with Warren Buffett holding a stake in it. BYD is the biggest manufacturer in the world of electric buses, they are building its own lithium batteries Megafactories in China and Brazil, its electric cars are the top-selling electric cars in China. This year BYD has launched its utility energy storage in the U.S. and now is investing in lithium mining in China to secure the supply of this strategic commodity for the Energy rEVolution. Today we have the opportunity to know more about this company and its new electric taxi for London with Fully Charged.
"InsideEVs provides the latest data on electric cars sales. Tesla Model S is closing on Nissan Leaf with its 16,824 sales this year from January to May vs Leaf's 22,982. As no surprise to us, BYD is the world's top EV manufacturer with 33,209 electric cars produced vs Nissan's 24,246, with Tesla claiming the 3rd place with 21,677 EVs made. Elon Musk is aiming for 80k - 90k Teslas to be produced this year. Now let's put it into perspective with his announcement of 500,000 Teslas to be produced in 2018 and 1 million EVs by 2020! But the real story is happening in Asia right now, China has become the largest market for electric cars last year already and you can see the new names coming into the EV Top Ten Manufactures like BAIC with 10,464 in sales. There are now 28 companies producing 51 models of electric cars in China already! Read more."
"Ganfeng exports and produces over 20 unique lithium products.In addition, it has developed an innovative patented technology that significantly shortens the standard production process. To support their expanding global operations, Ganfeng has taken steps to secure its future supply by investing heavily in a Canadian company called International Lithium Corp (TSX.V: ILC)." Peter Cole.
Warren Buffett And Energy rEVolution: BYD Launches Two New All-electric Vehicles To Expand Its Lineup.
Despite his very conservative approach and very controversial policies of some companies he is investing in - like utilities in Nevada, Warren Buffett is plugged in solidly into Energy rEVolution. He is the largest investor in Solar in the U.S. and owns 10% of BYD. BYD is the leader in electric cars production and sales in China and the worldwide leader in electric buses. With Tesla Model 3 orders surging above 300,000 we have the clear indication that customers are ready for the great electric cars now. But are automakers ready to make them? Tesla's waiting list now will stretch easily into the next two years, who will fill up the void? In the U.S. GM Bolt will take the lead, but BYD is the real coming global force now. They have their own Lithium Batteries Megafactories in the making in China and Brasil now, building electric buss and lithium batteries facilities in Argentina and have just made the headlines about the security of Lithium Supply. They can buy a lot of time to the market if BYD can ever make a strategic alliance with Tesla and buy Tesla Model 3 powertrains - then we can talk about millions of EVs in China very fast.
Elon Musk's Tesla Model 3 Reservations Hit 276,000 - Warren Buffett's BYD Wakes Up To Security Of Lithium Supply.
You will see more headlines now which could be attributed to the "sudden revelation" even for industry insiders that lithium price breaking $20,000 per LCE Tonne in China is not something that will come and go as a nightmare. It means that there is a shortage of lithium already even before Tesla Gigafactory and Megafactories from BYD, LG Chem, Foxconn, Boston Power, Samsung and A123 are coming on-line. Tesla Model 3 has reached now 276,000 orders in less than 4 days and shows an appetite for the good electric cars. We are at the tipping point for the electric cars to go mainstream.
SQM is moving to Argentina breaking its own myth about "One Thousand Years Of Lithium Supply". Everybody who is waiting for Lithium to be delivered from clay ... can continue to wait including Tesla. Industry insiders like Jow Lowry were talking about it for months and SQM with Lithium Americas dropping Western Lithium name with its own clay ambitions can be the best confirmation now. In our small Lithium Universe in China, these days Ganfeng Lithium supplies BYD, LG Chem and Panasonic, which supplies Tesla with lithium cells. International Lithium is developing two J/V with its strategic partner - Ganfeng Lithium in Argentina and Ireland, building the vertically integrated business. Now with new strategic partners, International Lithium moves to build the secure supply chain for lithium in North America. Read more."
"InsideEVs reports on continued trend with exponentially growing sales of electric cars in China. Warren Buffett-backed BYD is leading the race towards post-carbon economy in China and Energy rEVolution is spreading very fast all across the globe. Solar installations are mushrooming in a lot of countries with smart grids picking up the trend from mobile phones leapfrogging fixed telephone lines. Cheaper lithium batteries are changing everything and Lithium is the magic metal at the very heart of this Next Industrial rEVolution. China is the centre of Lithium Universe in materials already, moves fast to become lithium batteries largest market and will become the largest Electric Cars market in the world this year. Read more."