Thursday, 1 February 2018

The Breakneck Rise Of CATL: China's Colossus Sells The Most Of Lithium Batteries In The Biggest EVs Market In The World.




Today we can continue our conversation about The Real Lithium Scare and the most important topic for all players in The Energy rEVolution with the exponentially growing sales of Electric Cars and Energy Storage Systems: Security of Lithium Supply. Bloomberg is providing the great insights into The Center of The Lithium Universe: China.

"The next global powerhouse in the auto industry comes from a small city in a tea-growing province of southeast China, where an unheralded maker of electric-vehicle batteries is planning a $1.3 billion factory with enough capacity to surpass the output of Tesla and dwarf the suppliers for battery-powered cars by GM, Nissan and Audi.  
Contemporary Amperex Technology Ltd., or CATL, already sells the most batteries to the biggest electric-vehicle makers in the biggest EV market: China. Now it wants to use proceeds from a pending initial public offering backed by Goldman Sachs Group Inc. to get under the hoods of more European marques and secure customers in the U.S.  




The company plans to raise 13.1 billion yuan ($2 billion) as soon as this year by selling a 10 percent stake, at a valuation of about $20 billion. The share sale would finance construction of a battery-cell plant second in size only to Tesla Inc.’s Gigafactory in Nevada—big enough to cement China as the leader in the technology replacing gas-guzzling engines. 
The new assembly lines would quintuple CATL’s production capability and make it the world’s largest electric-vehicle battery cell manufacturer, ahead of Tesla, Warren Buffett-backed BYD Co. in China and South Korea’s LG Chem Ltd., according to Bloomberg New Energy Finance. The factory could go fully online as soon as 2020, an opportune time as China targets a sevenfold increase in new-energy vehicle sales by 2025 and ponders a course for phasing out fossil-fuel vehicles altogether." Bloomberg.






SQM Lithium OverSupply Scare 2.0 - Now Let's Start The Serious Conversation About The Security Of Lithium Supply For Tesla Energy rEVolution.





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Back Into The Future - Lithium Will Power Us For The Next 50 Years And Then Robots.






LEGAL DISCLAIMER

Please read legal disclaimer. There is no investment advice on this blog. Always consult a qualified financial adviser before any investment decisions. DYOR.