The real Lithium Race is happening in China now with its military plan to dominate electric space by the next decade. Lithium market is already taken over, Lithium batteries are next and China is already the largest electric cars market in the world with BYD moving into the number one place for the manufacturer of EVs in the world in May.
"Eye to Eye with the JAC iEV5 EV in China
This is the JAC iEV5, a new electric car for China, seen here on a high tech exhibition in Shenzhen in Guangdong Province. The JAC iEV5 debuted in April on the Beijing Auto Show and will finally launch on the Chinese electric vehicle market in early 2015.A very well-executed interior, looking clean and high-tech enough. Beige panels on black base. Large LCD screen in the center console. Blue detailing on vents and gear selector. Blue = Green.Trendy trendy, BMW-like stick on a blue ball in a chromed ring surrounded by a black panel bordered by beige.The iEV5 is powered by an electric motor with an 0utput is 67hp and 215nm, mated to a 70aH lithium-ion battery. Range is now claimed at 250 kilometer, a plus of 50 compared to the claim on the Beijing Auto Show. Top speed is 120 kilometers per hour. Charging takes eight hours on 220V or 2.5 hours for 80% battery on a fast charger. Size: 4310/1710/1500, wheelbase is 2490.Price for all this pretty blue: 110.000 yuan ($17.700) after green-car subsidies by central and local governments. The total subsidy on the iEV is 90.000 yuan ($14.500). The subsidy amounts to almost 50% of the purchase price, showing once more how serious China is about promoting electric cars."
Ganfeng And International Lithium In EV Race: 25 Companies Are Making 51 Models Of Electric Cars In China Already.
"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."
Copyright Global Lithium LLC, used with permission.
Joe Lowry is sharing with us another insight into his "Opaque Lithium Kingdom" and I will share along with his previous post some links providing more info on the $4.5 Billion giant from China Ganfeng Lithium and its approach to secure the supply of lithium raw materials.
"Ganfeng exports and produces over 20 unique lithium products. In addition, it has developed an innovative patented technology that significantly shortens the standard production process. To support their expanding global operations, Ganfeng has taken steps to secure its future supply by investing heavily in a Canadian company called International Lithium Corp (TSX.V: ILC)." Peter Cole.