Warren Buffett's BYD To Raise $2.4 Billion To Finance Expanded Production Of Lithium Batteries And EVs.

InsideEVs.

Volkswagen And DieselGate: The Solution - Lithium Technology Is Here To Change Our World.

" … And it is not your choice any more, The big pain is coming. Lithium Technology is here to change our world. Elon Musk will not make it all alone. We have to push our society to accept this disruption and stop burning fossil fuels to produce our energy. We have to have our "Manhattan plan" in the West to make it.
  China is rising and it has the military plan to build electric cars as strategic industry. It is great … for China, but what about us? Now David Cameron is supporting Nuclear plants to be built by China in the UK and cutting Solar subsidies. Yes, stupidity is without boarders or party limits. Mark my words: it will be another one as "Clean Diesel" which was made by Labor. But "Clean Nuclear" made by Tories can be even more damaging. Just check the latest news on cancer rates from Fukushima. They have swept it under the rug already! 
  Two Solar companies have gone bust already in the UK with thousands of workers on the streets now. Before this shameful myopic disgrace on the part of David Cameron UK Solar Power was growing fastest in Europe. I will extend my brave experiment with ultimate emissions test to Nuclear Power vs Solar as well. I will stay with Solar Panels and politicians should go into the Nuclear Reactor Room. First step to recovery is to stop BS ourselves. 

"My personal offer still stands. Ultimate emission test. Now I will extend it to all politicians and regulators as well. I will spend a night in the closed garage with Tesla Model S with "running engine." CEOs from automakers and their friends politicians are welcome to do the same with Internal Combustion Engine (ICE) car and engine running even with the best compliance with all emission standards. I hope that Elon Musk will borrow me one Tesla while I am waiting for mine."

  Do you know that Lithium Battery was developed in the West? It was commercialised by SONY in 80s and now South Korea is the leading manufacturer with Samsung and LG Chem. But China already controls 75% of Lithium Hydroxide which goes into Tesla batteries and they are moving very fast with their own Megafactories to rival Tesla with its Gigafactory to produce lithium batteries on the mass scale. 
  The pain is coming, you can't stop it. Internal Combustion Engines (ICE) will be dying with Fossil Fuels. It is just the law of nature. Electric Cars are better and they will become cheaper as well  very soon. We can make it as a pain of growth, but who will make it?  All these jobs for The Next Industrial rEVolution could be here, not just going again to China. Germany with its brilliant engineers can produce lithium batteries and electric cars and it can happen in every country. It is all here, with all numbers on the links below. Just spread the word.
  But we all need your help for this change, what have you done lately? Read more."

InsideEVs: "All 8 Of BYD’s 8 Vehicles On Display At Shanghai Auto Show Are Plug-In Electric Cars"

  Warren Buffett backed BYD provides very good illustration to my thoughts on the current situation with DieselGate and Lithium Technology. I expect China to become the world largest EVs market by sales early next year. China's military plan to conquer  the world with Electric Cars and Lithium Batteries stands in a very sharp contrast to the attempts by auto-makers in the West to fool us all around again. You can find the chronicles of BYD Rising Lithium Empire on the links below.

DieselGate: Auto Industry Calls For More Time To Properly Poison Our Kids With Increased Deadly Emissions.

Warren Buffett Backed BYD Presents Fleet Of Long-Range All-Electric C9 Coaches.

InsideEVs:

BYD Hopes To Raise $2.4 Billion To Finance Expanded Production Of Batteries, New Energy Vehicles

BYD announced its intention to raise 15 billion yuan (US$2.4 billion) in equity placements.

The main purpose for the funding is to finance expansion of the company’s lithium-ion battery production and development of new New Energy Vehicles (that’s all-electric and plug-in hybrids for those outside China). Cash will be needed also to replenish working capital and pay loans.

BYD bets heavily on NEVs, and this part of its business really is growing strong with a large wave of Chinese NEVs on the market today.

This year, BYD hopes to sell 60,000 NEVs. Sales of cars, without trucks and buses, amounted to 30,000 in the first eight months of 2015.

BYD Tang

According to WantChinaTimes.com, revenues from NEVs stand at nearly 19% of total BYD revenues in the first half of 2015 (up 120% year-over-year) at 5.976 billion yuan (US$940 million).

“BYD boasts some major advantages in the development of new energy vehicles. First, its product line in this sector covers pure electric vehicles and hybrid EVs, with the latter more suitable for the private car market. Second, the company owns more mature technology and has accumulated comprehensive marketing experience. Third, the firm has flexible product lines, with its products also including electric lift trucks and electric road sweepers, in addition to general EVs, HEVs and PHEVs.

New energy vehicles already launched or to be launched by BYD will enable the firm to secure viable operations in the new niche market. After launching the Qin hybrid SUV and the Tang hybrid SUV, the company will soon debut the Song plug-in hybrid SUV and Yuan compact plug-in hybrid SUV. Market analysts said that such a fast pace in offering a variety of models in this regard has shocked BYD’s competitors.”

Warren Buffett Backed BYD Presents Fleet Of Long-Range All-Electric C9 Coaches.

  

  Not a lot of people know that Warren Buffett was one of the first who embraced lithium technology and backed Chinese giant BYD with his 10% investment stake. War on Pollution, Largest auto-market in the world and China's sate-level plan to develop electric cars as strategic industry produces very interesting results now. InsideEVs reports about the progress by the world largest electric bus producer from China. 

Lithium Boom: Warren Buffett Goes Green - 35 BYD Electric Buses Are In Service At Amsterdam Schiphol Airport.

"A fleet of 35 pure electric BYD ebuses is in service at Amsterdam Schiphol Airport, making it the first major world airport to provide pure electric passenger transportation between the terminals and aircraft.

Schiphol selected BYD after a competitive tender process. The BYD ebus has been proven in 47 major European cities and has not only demonstrated to be fully viable, but also to be environmentally friendly and to deliver a strongly reduced Total Cost of Ownership.

The 12m BYD ebuses are the first in Europe to feature only two battery packs, based on the company’s renowned Iron-Phosphate battery technology. The reduced number of battery packs means more space and reduced overall weight."

  

  Warren Buffett goes green with his investments in Solar and BYD and now it is a payoff time. BYD is riding the tide and making headlines all around the world with its electric busses, electric trucks and EV Qin   has made it to the top 3 best selling electric cars.

Lithium Race In "War On Pollution": Investors Swarming Lithium Battery Market In China.

  I continue to map the fast changing landscape for Lithium Battery business. Today we can start to add more Megafactories to the list. Tesla Gigafactory is being chased not only by Warren Buffet with BYD, but other well established players that we have discussed before: LG Chem, Foxconn, Boston Power and A123. Today we can start to dig out 17 new players in lithium battery space. I think that in the end we will have very similar situation to the Solar Panels - lithium batteries will become a commodity and price will drop dramatically. For my personal Holy Grail we need $100 per kWh - it will bring us my magic 20/200: $20k electric car with 200 miles range. 

  In the end we will have the overcapacity built and consolidation in the lithium battery space, but for now: the more - the better! State-level government policy to build new strategic industry: electric cars,  brings its fruits already and new stimulus money which are fighting stock market collapse are sipping in the incredibly high growth lithium space.

  The best players will be rising faster with this tide and Ganfeng Lithium is very well positioned for this growth. Ganfeng is building vertically integrated lithium  business with International Lithium as strategic partner to develop the secure supply of lithium. Ganfeng newly built facility with 6,000 t/y of Lithium Hydroxide capacity is ready to supply this rapidly growing demand for high purity battery grade lithium. China now controls 75% of Lithium Hydroxide battery grade production facilities in the world. Prices are already going up even before all these Gigafactories will be coming on-line. Joe Lowry will be your best guide into the building shortages in the lithium market and a lot of broken dreams and promises in this industry. He forecasts the dramatic 150% rise in Lithium Demand over next 10 years and Apple Electric iCar is not even accounted for!
  Ganfeng has bought a small Chinese mobile lithium battery maker last year and has secured 10% stake in revamped Boston Power, which is building its own Megafactory in China now. Check out our latest news from both J/V projects of International Lithium financed by Ganfeng in Argentina and Ireland.

  "War on Pollution" and state-level plan are driving this incredible advance in technological leap into post carbon world by China now. Leapfrog into EV space mass production is happening already. Not a lot of people realise that Warren Buffet is one of the major players now in China with his BYD investment and Elon Musk talks Tesla production in China while building Superchargers Network. It will charge the mass market with Tesla Model 3 rolling out in 2018. Apple iCar will change our landscape overnight and connection with Foxconn can be a very interesting twist to the whole story. Ganfeng Lithium already supplies LG Chem, BYD, Boston Power and Panasonic which supplies cells to Tesla Motors and investing in Tesla Gigafactory. International Lithium new aggressive stage of development will bring us closer to potential production for this well established top lithium materials producer in the world.

The Lithium-Ion Battery Megafactories Are Coming: Production To More Than Triple by 2020.

International Lithium Corp. Reports on Continuing Work in Argentina and Ireland With Ganfeng Lithium.

  

Mr. Kirill Klip, President, International Lithium Corp. comments, "Our projects are advancing in tandem with rising lithium prices. The lithium supply chain is being stressed even before the commissioning of the Tesla Gigafactory and other megafactories from BYD, Foxconn, Boston Power and LG Chem. Our joint ventures with Ganfeng Lithium demonstrate that cooperation between companies with varying expertise in the raw materials supply chain can work to secure a supply of strategic commodities. In this case, lithium which is necessary for the clean energy initiatives announced by the U.S. and China. These two countries alone will provide mass markets for electric cars and home energy storage units increasing the demand for lithium batteries."

Lithium Boom: Warren Buffett's BYD Qin Made To The World's Top Three Best Selling Electric Cars In June.

InsideEVs:

BYD Presents Fleet Of Long-Range All-Electric C9 Coaches.

"This past January. BYD unveiled in New Orleans its new all-electric coach bus C9.

With a 365 kWh battery and claimed 190 miles of range, it was a pleasant surprise.

As it turns out, these buses are already in production as we found a fleet in China at the Dalian International Conference Center during Summer Davos 2015.

BYD delivered some 20 C9 VIP shuttles with capacity for 53 passengers.

The Chinese company still claims 300 km (186 miles) or more range and over 100 km/h (62 mph) top speed. Charging takes 1-2 hours, so they must have access to 200+ kW chargers as well."

Lithium Boom: Warren Buffett Goes Green - 35 BYD Electric Buses Are In Service At Amsterdam Schiphol Airport.

"A fleet of 35 pure electric BYD ebuses is in service at Amsterdam Schiphol Airport, making it the first major world airport to provide pure electric passenger transportation between the terminals and aircraft.

Schiphol selected BYD after a competitive tender process. The BYD ebus has been proven in 47 major European cities and has not only demonstrated to be fully viable, but also to be environmentally friendly and to deliver a strongly reduced Total Cost of Ownership.

The 12m BYD ebuses are the first in Europe to feature only two battery packs, based on the company’s renowned Iron-Phosphate battery technology. The reduced number of battery packs means more space and reduced overall weight."

  

  Warren Buffett goes green with his investments in Solar and BYD and now it is a payoff time. BYD is riding the tide and making headlines all around the world with its electric busses, electric trucks and EV Qin   has made it to the top 3 best selling electric cars.

Lithium Race In "War On Pollution": Investors Swarming Lithium Battery Market In China.

  I continue to map the fast changing landscape for Lithium Battery business. Today we can start to add more Megafactories to the list. Tesla Gigafactory is being chased not only by Warren Buffet with BYD, but other well established players that we have discussed before: LG Chem, Foxconn, Boston Power and A123. Today we can start to dig out 17 new players in lithium battery space. I think that in the end we will have very similar situation to the Solar Panels - lithium batteries will become a commodity and price will drop dramatically. For my personal Holy Grail we need $100 per kWh - it will bring us my magic 20/200: $20k electric car with 200 miles range. 

  In the end we will have the overcapacity built and consolidation in the lithium battery space, but for now: the more - the better! State-level government policy to build new strategic industry: electric cars,  brings its fruits already and new stimulus money which are fighting stock market collapse are sipping in the incredibly high growth lithium space.

  The best players will be rising faster with this tide and Ganfeng Lithium is very well positioned for this growth. Ganfeng is building vertically integrated lithium  business with International Lithium as strategic partner to develop the secure supply of lithium. Ganfeng newly built facility with 6,000 t/y of Lithium Hydroxide capacity is ready to supply this rapidly growing demand for high purity battery grade lithium. China now controls 75% of Lithium Hydroxide battery grade production facilities in the world. Prices are already going up even before all these Gigafactories will be coming on-line. Joe Lowry will be your best guide into the building shortages in the lithium market and a lot of broken dreams and promises in this industry. He forecasts the dramatic 150% rise in Lithium Demand over next 10 years and Apple Electric iCar is not even accounted for!
  Ganfeng has bought a small Chinese mobile lithium battery maker last year and has secured 10% stake in revamped Boston Power, which is building its own Megafactory in China now. Check out our latest news from both J/V projects of International Lithium financed by Ganfeng in Argentina and Ireland.

  "War on Pollution" and state-level plan are driving this incredible advance in technological leap into post carbon world by China now. Leapfrog into EV space mass production is happening already. Not a lot of people realise that Warren Buffet is one of the major players now in China with his BYD investment and Elon Musk talks Tesla production in China while building Superchargers Network. It will charge the mass market with Tesla Model 3 rolling out in 2018. Apple iCar will change our landscape overnight and connection with Foxconn can be a very interesting twist to the whole story. Ganfeng Lithium already supplies LG Chem, BYD, Boston Power and Panasonic which supplies cells to Tesla Motors and investing in Tesla Gigafactory. International Lithium new aggressive stage of development will bring us closer to potential production for this well established top lithium materials producer in the world.

The Lithium-Ion Battery Megafactories Are Coming: Production To More Than Triple by 2020.

International Lithium Corp. Reports on Continuing Work in Argentina and Ireland With Ganfeng Lithium.

  

Mr. Kirill Klip, President, International Lithium Corp. comments, "Our projects are advancing in tandem with rising lithium prices. The lithium supply chain is being stressed even before the commissioning of the Tesla Gigafactory and other megafactories from BYD, Foxconn, Boston Power and LG Chem. Our joint ventures with Ganfeng Lithium demonstrate that cooperation between companies with varying expertise in the raw materials supply chain can work to secure a supply of strategic commodities. In this case, lithium which is necessary for the clean energy initiatives announced by the U.S. and China. These two countries alone will provide mass markets for electric cars and home energy storage units increasing the demand for lithium batteries."

Lithium Boom: Warren Buffett's BYD Qin Made To The World's Top Three Best Selling Electric Cars In June.

Boom: China SGE Gold Withdrawals An Enormous 1464 Tonnes So Far This Year.

  

  This is why it is so important to keep the big picture in front of you. Whatever Bubble TV is telling you by the minute people with money will define the destiny of each market. Now these people are buying Gold in enormous quantity enjoying the lower prices once they are out of margin calls in China.

Is China Moving Toward a Gold Standard? Peter Schiff on the Chinese Market Crash.

"Just like most of the products Americans buy are made in China, most of the economic problems the Chinese have are made in America," says investment guru and radio host Peter Schiff, CEO of Euro Pacific Capital. "The Chinese have decided to peg their currency to the dollar and so they have imported our monetary policy."

But as Schiff explained to Reason's Matt Welch, that may be changing. China's recent market woes may force China to change its monetary policy and Schiff believes the Chinese government is laying the groundwork to back its currency by gold.

"Quietly they have been increasing thier ownership of gold," says Schiff. "They want to untether their currency from the dollar but they don't want it to be backed by nothing."

  Nobody loves Gold any more. We have headlines about gold going down to $800 or even $350. Even I myself find it almost embarrassing to write about gold any more. We must be making the real bottom now. Actually chart above is confirming it after my previous observation. We have retested the Low on daily and now on weekly we have the very nice potential reversal in the making. Read more.

FED's Mission Impossible: "Gold Is Dead And Nobody Loves It Any More."

  Some Central Bankers in the world were popping champagne last week on the FED's Mission Accomplished and "the total meltdown of Gold". Some other Central Banks were just buying more of it. Who will be right - nobody knows for sure, but I like the sentiment. Hedge Funds are Net Short Gold for the first time, "China has announced much lower reserves than expected" and I personally tired even to think about the "barbaric relict" which is going to zero.  Before I make my best trade shorting Gold into the dust I would like to throw some charts and links for Lithium induced meditation.

  First chart above actually shows a wash out capitulation and Buy signal on Volume and Candles, all indicators are positive for reversal. Dan Popescu @PopescuCo has published few very interesting charts below and HedgehogTrader @HedgehogTrader has exceeded his monthly limits of tweets about the yellow metal on Friday. In case if rumours about Gold's Death are exaggerated, TNR Gold's "Vault" is still secured in Alaska and guarded by bears waiting for its time to come.

NOVAGOLD Reports Excellent Progress in Permitting Donlin Gold In Alaska.

  

  

  NOVAGOLD reports about the progress with permitting Donlin Gold and technical studies on Galore Creek. TNR Gold is developing Shotgun Gold project in Alaska and is looking for strategic partners to advance it.

TNR Gold: Shotgun Gold Project Development in Alaska.

 "Nova Gold has published its new presentation for PDAC 2015. Now you can find more information about Alaska as mining jurisdiction and Donlin Gold type of Gold deposit. TNR Gold owns 100% of Shotgun Gold project in Alaska, which has very similar geology to Donlin Gold, according to Greg Johnson - one of the founders of Nova Gold. Read more."

Lawrie Gold:

SGE Gold Withdrawals An Enormous 1464 Tonnes So Far This Year.

While physical gold withdrawals from the Shanghai Gold Exchange (SGE) in the latest reported week were lower than the massive 72 tonnes a week earlier at 53 tonnes it remains high for the time of year.  But the key to what has been happening with Chinese demand as represented by SGE withdrawals is where the total for the year to end-July stands compared with previous years.

Looking at this metric we can see from the chart below that SGE withdrawals this year so far have totalled a massive 1,464 tonnes – which is running around 116 tonnes ahead of the huge record 2013 year at the same time and an enormous 370 tonnes ahead of the 2014 figure at the end of July when the annual total came to 2,136 tonnes.  If the average monthly withdrawal level (49 tonnes a month so far) for the current year keeps up we will be looking at annual withdrawals totalling more than 2,500 tonnes for the full year – and with Chinese demand tending to be strongest in the last four months and the first two months of the year this level could indeed be a possibility.

If we compare this potential level of annual demand with the likely total of new mined gold this year, China would account for around 75% of the yearly total on its own!

These high SGE withdrawal levels do not necessarily mean that the gold price will pick up accordingly, as witness what happened in 2013 when the SGE figure hit a then record 2,186 tonnes, yet the gold price collapsed from $1681.50 at the beginning of the year to $1201.50 by the year end.  However what we are seeing are continuing huge gold flows from West to East (Indian gold imports too are predicted to hit over 1,000 tonnes again this year) which will continue to run down gold inventories in the West, where the price tends to be set.  At some stage any loosely held Western physical gold holdings will be depleted to the extent that the low levels will almost certainly have a positive impact on the gold price – although by that time it may well be China which is setting the price anyway."

This Has Never Happen Before: Gold Hedge Funds Aggregate Net Position Has Been Short For The First Time In History.

  

  We have very interesting developments in the Gold market recently. Do not lose the big picture with all daily noise. Here are just few dots for you to connect.

Number Of Owners Per Once Of Gold At The COMEX Is At Record High At 117 to 1.

  

  With all the games with naked shorting of Gold COMEX managed to break out to another record leverage and now we have 117 proud owners to every One Once of Gold. When the game of musical chairs will begin this time?

Is China Moving Toward a Gold Standard? Peter Schiff on the Chinese Market Crash.

"Just like most of the products Americans buy are made in China, most of the economic problems the Chinese have are made in America," says investment guru and radio host Peter Schiff, CEO of Euro Pacific Capital. "The Chinese have decided to peg their currency to the dollar and so they have imported our monetary policy."

But as Schiff explained to Reason's Matt Welch, that may be changing. China's recent market woes may force China to change its monetary policy and Schiff believes the Chinese government is laying the groundwork to back its currency by gold.

"Quietly they have been increasing thier ownership of gold," says Schiff. "They want to untether their currency from the dollar but they don't want it to be backed by nothing."

  Nobody loves Gold any more. We have headlines about gold going down to $800 or even $350. Even I myself find it almost embarrassing to write about gold any more. We must be making the real bottom now. Actually chart above is confirming it after my previous observation. We have retested the Low on daily and now on weekly we have the very nice potential reversal in the making. Read more.

FED's Mission Impossible: "Gold Is Dead And Nobody Loves It Any More."

  Some Central Bankers in the world were popping champagne last week on the FED's Mission Accomplished and "the total meltdown of Gold". Some other Central Banks were just buying more of it. Who will be right - nobody knows for sure, but I like the sentiment. Hedge Funds are Net Short Gold for the first time, "China has announced much lower reserves than expected" and I personally tired even to think about the "barbaric relict" which is going to zero.  Before I make my best trade shorting Gold into the dust I would like to throw some charts and links for Lithium induced meditation.

  First chart above actually shows a wash out capitulation and Buy signal on Volume and Candles, all indicators are positive for reversal. Dan Popescu @PopescuCo has published few very interesting charts below and HedgehogTrader @HedgehogTrader has exceeded his monthly limits of tweets about the yellow metal on Friday. In case if rumours about Gold's Death are exaggerated, TNR Gold's "Vault" is still secured in Alaska and guarded by bears waiting for its time to come.

NOVAGOLD Reports Excellent Progress in Permitting Donlin Gold In Alaska.

  

  

  NOVAGOLD reports about the progress with permitting Donlin Gold and technical studies on Galore Creek. TNR Gold is developing Shotgun Gold project in Alaska and is looking for strategic partners to advance it.

TNR Gold: Shotgun Gold Project Development in Alaska.

 "Nova Gold has published its new presentation for PDAC 2015. Now you can find more information about Alaska as mining jurisdiction and Donlin Gold type of Gold deposit. TNR Gold owns 100% of Shotgun Gold project in Alaska, which has very similar geology to Donlin Gold, according to Greg Johnson - one of the founders of Nova Gold. Read more."

ZeroHedge:

Is The "Smart Money" Ready To Bet On Gold?

For the last three weeks, gold has experienced something that has never happened before - hedge funds aggregate net position has been short for the first time in history.

However, as Dana Lyons notes, this week saw another 'historic' shift in gold positioning as commercial hedgers shifted to the least hedged since 2001... so the 'fast' money is chasing momentum and the 'smart' money is lifting hedges into them.

Via Dana Lyons' Tumblr,

It’s no secret that commodities have taken a drubbing during the deflationary spiral over the past year. And precious metals have been right up front in this beating. This includes gold, which has lost over 40% of its value the past 4 years.  So needless to say, there has not been much good news on that front. However, as we touched on in a piece two weeks ago, there are signs beginning to pop up that may provide a glimmer of hope for gold bugs. In dollar terms, the price of gold continues to leak, offering very little evidence of any impending stability or bounce. On the other hand, in Euro terms, gold prices reached a key juncture a few weeks ago, as outlined in that previous post. And while no bounce has materialized as of yet, gold has at least held at the level we noted.

Today’s Chart Of The Day offers another hopeful data point for gold bulls. The CFTC tracks the net positioning of various groups of traders in the futures market in a report called the Commitment Of Traders (COT). One such group is called Commercial Hedgers. As their name implies, their main function in the futures market is to hedge. And while the Non-Commercial Speculators tend to be trend-following funds, the Commercial Hedgers’ postions tend to move contrary to price trends. Thus, it is almost always the case that these Hedgers will be correctly positioned – and to an extreme – at major turning points in a market.

How is that relevant for gold? As of this week, Commercial Hedgers are holding the lowest net short position in gold futures since the launch of the gold bull market in 2001.

Does this mean that a reversal higher is imminent in gold? Not necessarily. The thing with COT analysis is that it is difficult to correctly determine when an “extreme” in Hedgers’ positioning will actually result in a price reversal. As is said regarding all sorts of market metrics, an extreme in COT positioning can always get more extreme. Plus, the COT positioning can peak well in advance of the turn. Consider the Hedgers’ maximum net short positioning in gold futures which occurred in December 2009, 21 months – and another 50% gold rally – before prices topped.

Thus, it is tough to time trades with accuracy based on the COT report. However, one thing we can say in the gold bugs’ favor: what had mostly been a headwind for gold for the past decade or so is no longer the case. While it may not make an immediate impact, the “smart money” Commercial Hedgers are now more aligned with them than at any point since the bull market began in 2001."