It is a very old video, almost like another era in our Lithium Race. Now you can better appreciate how far China has moved in the fast lane for EVs. This video represents very well what we are talking here about: New Energy Plan in China. Now BYD backed by Warren Buffet and their technology for electric cars are at the next level. BYD is the largest electric vehicle maker in the world. Lithium is a magic metal at the very heart of this Energy rEVolution. All the rest is summarised in the tweet below and on the links for your kind attention.
Lithium Race: Which Will Be The First Country To Ban Fuel-Burning Cars: Norway, Netherlands, Germany, India or China?
"Dr. Joe Romm provides us with more information on the recent decision of German Bundesrat to ban fuel-burning cars. This tipping point for electric cars to become the fast growing mass market is the result of the technological advance called "The Learning Curve" when doubling of production brings on average 26% in cost reduction. It is true for the price of Solar PV, it is even faster for the chip makers and for Lithium Batteries Bloomberg reports about 14-19% cost reduction every year.
Now we are in the fast lane approaching this transition with first electric cars priced below $40k and with a range of over 200 miles coming to the market: GM Bolt and Tesla Model 3. BMW i3 with the new larger battery, Renault Zoe with 400 km range and Nissan Leaf with upgraded battery are driving the sales in Europe and China stands on its own with 25 companies making 51 models of electric cars.
Lithium Technology is here and the best electric cars will become only cheaper and better. Bloomberg estimates 2022 - 2026 when EVs will reach parity with ICE on capital cost alone. I will translate: depending on the country from 2022 electric cars will become cheaper to buy than comparable ICE ones. They will provide much better performance, safety and fraction of running cost to operate. This progress is inevitable and Tesla shows what is coming with Tesla Model S outselling ALL luxury sedan brands in the U.S. and Western Europe by a very wide margin. In the Q3 of this year, Tesla Model S sales were almost double of Mercedes S-Class and more than double of BMW 7!
And, finally, as Dr. Joe Romm is pointing out that governments start to wake up to the horrible cancer hazard air pollution on our streets from fuel-burning cars and voices for the ban of such cars are louder and louder. We can already add Netherlands to his list of countries and I have put China there as well. Masters of the asymmetric warfare Chinese will definitely capitalize on the advance they have managed to gain with their New Energy Plan at the right time. China has the largest EVs market in the world, Warren Buffett-backed BYD is the largest manufacturer of electric cars, Chinese companies are the largest lithium chemicals producers for the lithium batteries already. Lithium Megafactories are rising with billions of dollars in investments and they are buying the best lithium projects to secure supply of this critical metal.
If and when China will ban fuel-burning cars remains the speculation at this moment, but it will change the geopolitical landscape overnight making many Trillions of dollars in assets in the West worthless and some major companies literally shrinking in size within a year or two. We will have more Chinese names at the top of the World's largest companies for sure and size of the Chinese economy will jump reflecting the new growth based on the manufacturing base of the 21st century. This Energy rEVolution will be very fast and brutal to those unprepared. It is time to check your portfolios in order not to get caught in "The Death Spiral" - like Fitch is predicting for the oil companies. And whoever would like to start new trade wars should be thinking twice and long term in advance, like China is doing building secure lithium supply to power new Energy Plan and Electric rEVolution. With the diminishing role of Oil as the only source of Energy, will our world be able to have a peaceful transition to the new order? I will leave these worries to our brave politicians, you should think about your investments and on which side of the history you would like to be to make the difference. You can find my chronicles of this Energy rEVolution on this blog and below are some links for your own research including the Dr. Joe Romm article. Read more."
If and when China will ban fuel-burning cars remains the speculation at this moment, but it will change the geopolitical landscape overnight making many Trillions of dollars in assets in the West worthless and some major companies literally shrinking in size within a year or two. We will have more Chinese names at the top of the World's largest companies for sure and size of the Chinese economy will jump reflecting the new growth based on the manufacturing base of the 21st century. This Energy rEVolution will be very fast and brutal to those unprepared. It is time to check your portfolios in order not to get caught in "The Death Spiral" - like Fitch is predicting for the oil companies. And whoever would like to start new trade wars should be thinking twice and long term in advance, like China is doing building secure lithium supply to power new Energy Plan and Electric rEVolution. With the diminishing role of Oil as the only source of Energy, will our world be able to have a peaceful transition to the new order? I will leave these worries to our brave politicians, you should think about your investments and on which side of the history you would like to be to make the difference. You can find my chronicles of this Energy rEVolution on this blog and below are some links for your own research including the Dr. Joe Romm article. Read more."
Strategic Partner Ganfeng Lithium To Increase Equity Ownership In International Lithium.
“I am very pleased that Ganfeng Lithium is reinforcing its strategic stake in International Lithium. Ganfeng is a worldwide leader in lithium materials production based in China. They provide not only the capital to advance our joint venture projects in Argentina and Ireland, but technology to facilitate potential production to their particular needs as a lithium end-user. Ganfeng holds 19 patents and is the only company producing lithium chemicals both from brine and hard rock spodumene sources” states Kirill Klip, President of the Company.
Lithium Boom Continues To Fuel Chinese Majors.
No comments:
Post a Comment