InsideEVs reports on continued trend with exponentially growing sales of electric cars in China. Warren Buffett backed BYD is leading the race towards post carbon economy in China and Energy rEVolution is spreading very fast all across the globe. Solar installations are mushrooming in a lot of countries with smart grids picking up the trend from mobile phones leapfrogging fixed telephone lines. Cheaper lithium batteries are changing everything and Lithium is the magic metal at the very heart of this Next Industrial rEVolution. China is the centre of Lithium Universe in materials already, moves fast to become lithium batteries largest market and will become the largest Electric Cars market in the world this year.
With GM Bolt and Faraday Future unveiled at CES 2016 and Tesla Model 3 coming in March, Lithium Technology is in the headlines these days and getting finally on the investor's radar screens. Today I would like to present International Lithium's Mavis Lake Lithium and Tantalum project in Canada. Our J/V projects with Ganfeng Lithium: Avalonia in Ireland and Mariana in Argentina are better known: we are advancing another $4 million exploration programs on these projects now. Mavis Lake presents another very important opportunity for development of potential source of conflict free strategic commodities in politically stable Canada. We are talking here about the security of Lithium Supply for the West now. With our J/Vs with Ganfeng Lithium solidly on track for the development, we are concentrating now on the Strategic Partnership to build the Next Lithium Producer in North America.
"I am glad that Apple looks like not to be involved in this project and we still can hope that it will reach 1 Trillion Market Cap with its own electric car catering mobility powered by lithium technology with bottled electricity to the masses. The real game changer is coming this year with Tesla Model 3, GM Bolt, BYD and Tesla Gigafactory with Megafactories to follow."