Chevy Volt has left its mark in history with this very important milestone of reaching 100,000 sales in the US. Now the time is for GM Bolt. UBS in its latest research note considers Plug-In hybrids only as an intermediary technology. The future belongs to lithium battery-powered EVs. GM will have a head start against Tesla Model 3 and can gain some market share if it plays it right. The more best EVs we have on the road - the better, we have to build millions of them now. Lithium technology is here to make it happen and China is driving it in the fast lane now. BYD backed by Warren Buffett has become the number 1 manufacturer of EVs in the world this year. now you can better appreciate the China place in this Lithium Race: GM has sold 100,000 EVs from 2009 and BYD has sold 33,000 EVs in China in the 6 months in 2016.
Ganfeng And International Lithium In EV Race: 25 Companies Are Making 51 Models Of Electric Cars In China Already.
Lithium Race: World’s Top 10 Selling Plug-In Electric Cars And Top 10 Manufacturers – May 2016.
InsideEVs.
We are all excited by Tesla's headlines and the coming new catalyst for the lithium market with the opening of Gigafactory later this month, but the real story of the lithium race is happening in China right now. China has become the largest auto market in the world for electric cars last year and BYD has become already the biggest manufacturer of electric cars in the world this year. Waren Buffett holds the stake in BYD and this New Energy conglomerate is taking the world with its electric buses and electric cars. This year BYD has moved into utility energy storage as well in the U.S. with EDF.
It is called The New Energy in China and is a part of the 5-year plans which are exercised with military discipline for the last few decades. Electric Cars, Solar and Wind power with lithium battery domination are all parts of the building of this strategic industry in China to rule in the 21st century.
25 companies are making 51 models of electric cars in China already and they are not all Teslas yet but are getting very fast there. The whole new strategic industry is being created from scratch and companies like Ganfeng Lithium are growing very fast from $3 million dollars in sales in 2000 to $4.5 billion in market cap now.Ganfeng Lithium is the strategic partner of International Lithium and finances our two J/V projects in Ireland and Argentina. In this EV race into the 21st-century Energy rEVolution, the security of lithium supply becomes the most important factor for the leaders to keep their dominant position in the fast-changing marketplace. Read more."
AutoBlog:
Chevy is the first to sell 100,000 plug-in vehicles in US
"Chevrolet has now claimed victory in the race to 100,000 plug-in vehicle sales in America. The company announced today the Volt reached the 100,000-unit milestone and said that it is the first plug-in capable vehicle to do so.
This will come as a disappointment to Nissan, as it once was the leader in plug-in electric vehicle sales. However, it's hard to maintain a lead with a vehicle as long-in-tooth as the Leaf. As for Tesla, it's likely the high price tags of the company's vehicles contributed to slower sales, whereas a Chevrolet Volt can be had for less than $30,000 with tax incentives.
Chevrolet also made sure to tout the environmental benefits of the Volts the company sold. Chevy reports that Volt owners drove 2.5 billion miles since the car went on sale, and 1.5 billion of those miles were driven in electric mode, which the company estimates saved almost 58 billion gallons of gasoline.
It's tough to say which company will be the next to hit 100,000 sales. Nissan may still reach it with the Leaf before Tesla does with one of its models. And it would certainly be easier for Nissan to reach that target quickly with an updated Leaf, ideally one with significantly more range. The good news for either of these companies is that they could still claim to be the first company to 100,000 pure electric cars in the US. So let the sales race continue."
This will come as a disappointment to Nissan, as it once was the leader in plug-in electric vehicle sales. However, it's hard to maintain a lead with a vehicle as long-in-tooth as the Leaf. As for Tesla, it's likely the high price tags of the company's vehicles contributed to slower sales, whereas a Chevrolet Volt can be had for less than $30,000 with tax incentives.
Chevrolet also made sure to tout the environmental benefits of the Volts the company sold. Chevy reports that Volt owners drove 2.5 billion miles since the car went on sale, and 1.5 billion of those miles were driven in electric mode, which the company estimates saved almost 58 billion gallons of gasoline.
It's tough to say which company will be the next to hit 100,000 sales. Nissan may still reach it with the Leaf before Tesla does with one of its models. And it would certainly be easier for Nissan to reach that target quickly with an updated Leaf, ideally one with significantly more range. The good news for either of these companies is that they could still claim to be the first company to 100,000 pure electric cars in the US. So let the sales race continue."
