InsideEVs reports very interesting development with BYD Qin Plug-In sales. Looks like Warren Buffett has his Midas touch even in technology sector. China is at the tipping point now for mass market for electric cars and the best ones are only coming! You can find more information about Warren Buffett, BYD and mass market developments for EVs in China on my blog.
"Xu Heyi, chairman of BAIC Group, has forecast that China will become the world's biggest electric car market in 2016, or probably this year."
We have another catalyst to unlock the real potential of the largest auto-market in the world for electric cars. These additional benefits can bring us the tipping point for EVs in China even before Tesla Model 3 will create the mass market there.
International Lithium and Ganfeng: China’s Lithium Battery Market to Quadruple to $8.7 Billion in 2025.
This is where we are going: International Lithium is building the supply chain for Ganfeng Lithium and is part of this vertically integrated lithium battery business in China. Ganfeng Lithium finances J/V projects with International Lithium in Ireland and Argentina and we have the very encouraging news coming out. Western Lithium has taken out Lithium Americas with Cauchari lithium brine project and as you can see on the map below we have just a very few Salars left without ownership by major lithium player. Read more.
We have great news today from our both J/V projects with Ganfeng Lithium! You already know about my personal vision for the lithium industry and our strategic partnership between International Lithium and Ganfeng Lithium from China. Now we have results coming in from our exploration and development programs.