Our Lithium Race is moving into the Ludicrous Mode with Tesla being close to reaching an agreement to produce vehicles in China for the first time, reports Bloomberg. All lithium producers in China are trading much higher on the news today. International Lithium is well positioned with its strategic partner Ganfeng Lithium to participate in this disruption of transportation and energy sectors. Electric Cars are coming much faster than a lot of people are anticipating and the real struggle to secure the lithium supply for this Energy rEVolution has only begun now.
"Ganfeng Lithium has finally closed its deal with Lithium Americas and now Argentina will be becoming the real Powerhouse of Energy rEVolution. Lithium is the magic metal at the very heart of this Energy rEVolution and International Lithium is Lithium Strategic Investments and Royalty Company which is plugged-in the most dynamic EV and Energy Storage markets in China with partners like a giant from China Ganfeng Lithium. Read more."
Tesla Officials Visit Argentina’s Governor Of Salta For Solar And Storage Projects And Sourcing Lithium.
ElectTrek reports that "salt on the salad'": this is how Elon Musk has described lithium before - must be very important for Tesla's digestive system after all. I am writing here extensively about the coming control of the Lithium supply by Chinese companies who are very aggressively buying all the best lithium projects worldwide. It is very difficult to pretend anymore that any lithium will be coming from any signed by Tesla agreements with some junior miners in the nearest future. Lithium cathode is still produced by Panasonic for Tesla Gigafactory. Read more.
China Plus:
Tesla to set up factory with local partner in Shanghai
"American electric carmaker Tesla is seeking local partner in China, and is reportedly close to reaching an agreement to produce vehicles in China for the first time, reports Bloomberg.
The agreement reportedly being worked out with municipal authorities in Shanghai will enable Tesla to build factory in Lingang Development Zone. Under Chinese regulations, Tesla needs to cooperate with at least one local partner to set up joint venture.
Elon Musk, CEO Tesla, Inc., said that setting up a factory is a crucial step for gaining access to the Chinese market. Tesla's revenues in the Chinese market doubled in 2016, reaching over USD 1 billion.
Locally produced vehicles can avoid the 25% import tax which currently makes Tesla's Model S sedans and Model X sport utility vehicles much more expensive in China than in the U.S.
Chinese authorities have made new-energy vehicles a priority, classifying them as a strategic emerging industry, with hopes of increasing sales of hybrid vehicles and fully electric cars 10-fold in the next decade.
China surpassed the United States to become the largest non-emission auto market in 2015.
Chinese internet firm Tencent Group bought a 5% stake in Tesla for USD 1.8 billion in March, 2017."
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