While everybody is following Tesla's "troubles" with the unprecedented demand for Model 3 in the West, China is moving very fast into New Energy space with Electric Cars and Solar Power. Millions spent on lobbying and ads by oil and auto industries must be totally lost in translation. Chinese planners are not buying all that cancer hazard polluting nonsense any more and are looking into the future with 50 years horizon.
China's military plan for the total domination in the EV space is in action now. Red Dragon controls Lithium hydroxide market, which goes into Panasonic cells for Tesla; climbing to the top spot in the lithium battery space and will become the largest auto market in the world for electric cars this year as well. In 2013 China has installed the amount of Solar Power Generation equal to the U.S. installations ... for all of its history! Now Lithium Megafactories are coming to feed 28 companies in China already producing 51 models of electric cars. Tyco de Feistier from Forbes presents to us today 10 new EVs from China, please pay attention to the specs and prices. They are not Tesla Model S yet, but will be getting there very fast.
It took International Lithium 7 years of building its Lithium business and 5 years of partnership with Ganfeng Lithium: $4.5 billion market cap giant from China - to receive this acknowledgement to celebrate our 5th IPO anniversary: Watch the video."
"Ganfeng has a strong commitment to supply Lithium product to various industries worldwide,” stated Ganfeng’s Director, Wang Xiaoshen, “so we clearly have a vested interest in these projects and have been very hands-on in the evaluation of ILC’s properties. Our company is the only one in the world that has commercial production capacities to extract Lithium from both brine and spodumene, and we continually implement cutting-edge technologies to our processes. I feel confident that this is a fit for our operations and the potential these projects hold."
Race For Renewable Energy Technologies Charges Lithium Market. Chinese Lithium Leader Secures Supply Sources.