They are not Teslas yet, but electric cars are coming in China and some of them will be good enough to sell in millions very soon. 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.
"New Car Brand from China: Changjiang EV 2016, 2017, with a small electric hatchbackAnother day, another new car brand from China. Today we celebrate the birth of Changjiang EV, a new electric vehicle maker with big plans for the future. The brand will have its public debut on the Beijing Auto Show next week where they will show their first car, the E60 eCool, above, and a concept sedan.Changjiang (Yangtze River) EV is based in the great city of Hangzhou in Zhejiang Province. They are finalizing work on a factory with a capacity of 100.000 cars per year, broken down to 60.000 passenger cars and 40.000 commercial vehicles. Changjiang EV is owned by a large Hong Kong based company called FDG Electric Vehicles (web).Changjiang EV has already started small-batch production of a series of electric commercial vehicles, including a van, a mini bus, a bus, and a pickup truck.As for passenger cars the company has big plans, like every new company rightfully has. The vehicle named ‘A1’ is the A60 eCool. Next up is a small SUV designated A2, on to a bigger A3 SUV, a sporty SUV designated C1, and a very interesting wagon designated C2. The wagon appears to be related to…… this very sweet looking sedan concept that will debut on the Beijing Auto Show, alongside the…… E60 eCool. It is a nice looking little car, although not very exciting. Changjiang EV says it will hit the Chinese car market in October for about 100.000 yuan after green-car subsidies. The company hasn’t released exact specs on the motor, but says the battery is 25kWh, top speed 136km/h, range 200 kilometer, and that charging takes 7.7 hours on 220V or one hour on a fast charger for 80% battery."
Ganfeng Lithium And International Lithium Approve USD 12 Million Budget To Accelerate The Mariana Lithium Brine Project In Argentina.
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.