InsideEVs reports that Warren Buffett-backed BYD tops 10,000 EVs sold for the fifth month in a row with 73% growth from the last year. Electric cars become the real business with BYD projecting its profit growth by 84% this year after triple digits growth in the years before. Chinese lithium companies like Ganfeng and Tianqi are doubling the revenue from the last year reflecting this surge in EVs sales. China confirms its status as The Centre Of Lithium Universe. The secure supply of lithium becomes the critical issue and more experts expect that lithium supply chain consolidation will be the driving force for 2017.
The Centre Of Lithium Universe: China Is Pushing For ZEV Mandate: 8% Of New Cars To Be Electric By 2018, 12% By 2020.
Electrek.
"Electrek reports that China is pushing for the very aggressive ZEV mandate: "8% Of New Cars To Be Electric By 2018, 12% By 2020." I will translate: this year we are getting just over 1% of new cars sales in China. By 2018 they are talking about a factor of 8 and by 2020 about the 12 times that amount! Digest."
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 spun off in the IPO with Ganfeng Lithium. TNR Gold went from 3 cents that year to over 30 cents in 2009.
The 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 the 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."
International Lithium Video Update On All Projects And Ganfeng Special.
"Two major Chinese companies Ganfeng Lithium and Tianqi are part of this state-level plan to build the Electric rEvolution from top to bottom, including the secure supply chain for the critical metal Lithium which is at the very heart of this technology. This year they have broken "The Old Lithium Big 3" and now we have "The New Lithium Top 5". Albemarle is in the first place and SQM is holding now to the second. Ganfeng Lithium and Tianqi have pushed FMC into the 5th place and are chasing each other between 3rd and 4th. Ganfeng Lithium is a $4.5 Billion MC company and strategic partner of International Lithium. We were very fortunate after two years of due diligence to strike the major deal with Ganfeng for International Lithium in 2011. This business demands a long term planning and stamina just to stay with the game. This year, after 7 years of building our business, we are celebrating with Ganfeng the 5th anniversary International Lithium's IPO. Read More"
InsideEVs:
BYD Tops 10,000 Electric Vehicle Sales For The Fifth Month In A Row
BYD for fifth consecutive month sold more than 10,000 plug-in cars in China.
The 10,252 in October is 73% more than year ago, which although a strong number, is still the lowest growth rate for the company over the past 2 years.
BYD e6 400
Historical data shows that November and December brings a strong EV sales bump in China, so we looks forward to new records being set.
Interestingly, BYD managed to sell more than 10,000 units this month despite the plug-in hybrid Tang plunging to just 1,529 sales (down from more than 2,100 in September, and the more than 3,000 and 3,500 sold in July and June), far from being the best selling plug-in model in BYD’s stable as it often has been in the past.
What’s more surprising is first all-electric offering from BYD, thee6, now is top seller with more than 3,100 in October (a new record)! The e5 also set its personal record at 2,124.
BYD October sales breakdown:
- e6 – 3,118
- Qin EV300 – 2,124
- e5 – 1,943
- Qin – 1,538
- Tang – 1,529
BYD plug-in electric car sales in China – October 2016
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