Tesla vehicles parked outside the Tesla Gigafactory east of Reno on Friday, March 18, 2016. (Sean Whaley/Las Vegas Review-Journal Capital Bureau)
Tesla Gigafactory will be the game changer for the cost of lithium batteries and we can start talking about our Holy Grail for EVs - $100 per kWh. It means that cost of 90 kWh battery at Tesla Model S or X, which is now priced at around $350 per kWh at the total of $31,500, will drop down to $9,000. For Tesla Model 3 its 50 kWh lithium battery will cost only $5,000 in that case! My formula for mass market for electric cars of 200/200 - when $20,000 buys you an electric car with BMW 2 series body and 200 miles of range is approaching very fast. Lithium is at the very heart of this Energy rEVolution. International Lithium is advancing now its operations in North America to build the secure lithium supply for this huge auto-market.
ILC President, Kirill Klip comments “International Lithium is beginning a new phase of strategic developments through new potential acquisitions and strategic partnerships. The availability of affordable electric cars is almost here with models like GM’s Bolt and Tesla’s Model 3 coming into production this and next year. This will greatly increase the demand for lithium batteries in North America. Our new strategy recognizes this opportunity and we seek to meet the demand for lithium in North America’s massive automotive markets. Together with Ganfeng Lithium we continue to advance our projects in Argentina and Ireland building on a vertically integrated lithium business in China, the centre of today’s lithium industry where prices for the green energy metal are currently escalating. Newly formed alliances with companies like Pioneer Resources, will help us focus our expertise in recognising opportunities and building up a resource base, while minimising our capital outlay to advance the projects to build the secure supply of lithium for the North American market.” Read more."
International Lithium Options Mavis Lithium Project and Forms Strategic Alliance with Australian Company, Pioneer Resources Ltd.
Mr Kirill Klip, President, International Lithium Corp. stated: "We are very pleased that International Lithium is opening a new strategic phase of expanding its operations in North America. We are at the very beginning of the mass market for electric cars with GM Bolt and Tesla Model 3 coming into production this and next year respectively. Recent huge spike in lithium prices in China, the centre of lithium industry today, has demonstrated the importance of our strategic partnership with Ganfeng Lithium in building the vertically integrated lithium business with our J/V projects in Argentina and Ireland. We envision that North American market, which is dominated by producers from Asia, will start to build its own lithium batteries production facilities like Tesla Gigafactory in Nevada, U.S. This transaction is the first step for ILC in building the secure supply of lithium for the North American market." Read more."
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