Reuters.
Please do not get me wrong, Toyota has made more than anybody to introduce and mass-produce Hybrids. But the recent claims that they have made some kind of "safe lithium batteries" is a very lame excuse to justify that they have stuck to the Hybrid transitional technology for too long. It is if they have never heard about the Panasonic which is producing the lithium cells for Tesla. Toyota have invested with Mercedes in Tesla just before the IPO and later they have sold their stake. Hydrogen dreams were another reason for Toyota to waste time and billions in dollars on R&D going nowhere. Only those who are involved in our industry can understand and really appreciate the significance of this development. Toyota have to admit that Hydrogen does not work! Lithium technology is here and will power us for the next 50 years and after that robots.
Elon Musk has called fuel cells the "Fool's Cells" as they are not even close to the full energy cycle efficiency of lithium batteries. UBS this year has officially pronounced that BEVs (Battery Electric Vehicles) are the future and that the Hydrogen idea simply does not work on economics. The message finally got delivered by post to the Great Germans this year, who wasted billions of dollars as well, and to Toyota now.
But back to the great news about this development. The hybrid technology involves two powertrains: ICE and an electric one. It will always be more complex and expensive - once the lithium battery technology will provide enough range. The future is with fully electric cars: it is not just me - it is from UBS again. Now Toyota is moving into the lithium technology and it means millions of cheap mass-produced electric cars. We will have to review all lithium supply and demand forecast again now. The news is coming now from Joe Lowry from the ground in China that we should not expect any lower lithium prices for 2017 as the market remains very tight.
Elon Musk has called fuel cells the "Fool's Cells" as they are not even close to the full energy cycle efficiency of lithium batteries. UBS this year has officially pronounced that BEVs (Battery Electric Vehicles) are the future and that the Hydrogen idea simply does not work on economics. The message finally got delivered by post to the Great Germans this year, who wasted billions of dollars as well, and to Toyota now.
But back to the great news about this development. The hybrid technology involves two powertrains: ICE and an electric one. It will always be more complex and expensive - once the lithium battery technology will provide enough range. The future is with fully electric cars: it is not just me - it is from UBS again. Now Toyota is moving into the lithium technology and it means millions of cheap mass-produced electric cars. We will have to review all lithium supply and demand forecast again now. The news is coming now from Joe Lowry from the ground in China that we should not expect any lower lithium prices for 2017 as the market remains very tight.
International Lithium – The Chinese Bet On Salares.
Lithium Salares. InvestorIntel.
Christopher Ecclestone has written a piece with the depth of knowledge of lithium industry I have not seen for a long time. He was one of the very first analysts covering the Lithium 1.0 Rush in 2008-2009. TNR Gold, our holding company which now has over 20% stake in International Lithium, was holding all lithium assets which were later span off in the IPO with Ganfeng Lithium. TNR Gold went from 3 cents that year to over 30 cents in 2009.
First hype came and was gone with numerous companies along with it, only the strongest have survived. Now we have the solid fundamentals about the Lithium 2.0 Launch. Electric cars are here and EVs for the mass market are coming now in the fast lane onto our streets. International Lithium is still very tightly held with TNR Gold holding over 20%, Ganfeng Lithium at 15% and myself with just under 10%. I would like to use this opportunity and thank all ILC Team and our partners helping us to build International Lithium as one of the most active lithium exploration and development companies in the world. We have CAD $17 million budgeted for development of our projects on 3 continents. Today you can find more information on our company and our strategic partner Ganfeng Lithium.
Please carefully read my legal disclaimer and never make any investment decisions without consulting with your preferred qualified financial advisor. You can find all latest information about our company on International Lithium website and in filings on SEDAR and SEDI. Read more.
Reuters:
Toyota, in about-face, may mass-produce long-range electric cars: Nikkei
| TOKYO
Toyota Motor Corp (7203.T) is looking at mass-producing long-range electric vehicles (EVs) that would hit the market around 2020, the Nikkei newspaper reported on Monday, in what would be a dramatic reversal of strategy for the world's top-selling automaker.
Even as rivals such as Nissan Motor Co (7201.T), Volkswagen AG (VOWG_p.DE) and Tesla Motors (TSLA.O) have touted pure electric cars as the most viable zero-emission vehicles for the future, Toyota has said it would reserve EVs for short-distance commuting given the high price of rechargeable batteries and lengthy charging times.
By adding longer-range EVs to its product range, Toyota would be changing its tune from promoting plug-in petrol-electric hybrid cars and hydrogen fuel-cell vehicles (FCVs) as the most promising alternative to conventional cars. Read more.
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