We have another catalyst to unlock the real potential of the largest auto-market in the world for electric cars. These additional benefits can bring us the tipping point for EVs in China even before Tesla Model 3 will create the mass market there.
Lithium Race: China Builds 25,000 Electric Cars, Plug-In Hybrids In June Alone.
We have another confirmation of the explosive growth for electric cars in China and the best ones are only coming!
Lithium Race: Tesla to Sell Model X SUVs in China in First Half of 2016.
What will happen if we take "the best SUV on the market", largest auto-market in the world and "War On Pollution"? I guess it will be a very good chemistry. Elon Musk is leading assault on 4 trillion transportation industry and China is the place where it really matters: Tesla model S and X will pave the way for mass market Tesla Model 3. Now lets check the lithium supply headlines …
Chinese lithium industry is getting ready for this coming tide. Ganfeng Lithium is working on security of supply and making deals to get access to the strategic commodity. Ganfeng holds strategic stake in International Lithium and finances the development of our two J/V projects in Ireland and Argentina.
International Lithium and Ganfeng: China’s Lithium Battery Market to Quadruple to $8.7 Billion in 2025.
This is where we are going: International Lithium is building the supply chain for Ganfeng Lithium and is part of this vertically integrated lithium battery business in China. Ganfeng Lithium finances J/V projects with International Lithium in Ireland and Argentina and we have the very encouraging news coming out. Western Lithium has taken out Lithium Americas with Cauchari lithium brine project and as you can see on the map below we have just a very few Salars left without ownership by major lithium player. Read more.
International Lithium Corp. Updates on Drilling Programs in Argentina and Ireland.
We have great news today from our both J/V projects with Ganfeng Lithium! You already know about my personal vision for the lithium industry and our strategic partnership between International Lithium and Ganfeng Lithium from China. Now we have results coming in from our exploration and development programs.
The Financial Express:
China Prepares ‘California-style’ Scheme For Electric Cars.
China is preparing a new scheme to encourage automakers and consumers to use electric and hybrid vehicles, learning lessons from California's efforts to promote a similar switch, the head of a major state-owned carmaker said on Thursday.
China is preparing a new scheme to encourage automakers and consumers to use electric and hybrid vehicles, learning lessons from California’s efforts to promote a similar switch, the head of a major state-owned carmaker said on Thursday.
The system will extend incentives to traditional gas-electric hybrids, often excluded from promotional programmes in the past because that segment of the market was dominated by Japanese companies such as Toyota Motor Corp.
While the initiative is expected to benefit Chinese carmakers such as BYD Co and SAIC Motor Corp , which have stepped up production of traditional hybrids in recent years, global rivals are also positioned to take advantage of an expected increase in demand.
The likes of General Motors and Volkswagen have already pledged to invest heavily in developing envoronmentally friendly vehicles for the Chinese market. .
The proposed government scheme could be implemented in the first half of next year, said Xu Heyi, chairman of Beijing Automotive Group, parent of BAIC Motor Corp .
China has set fuel economy standards that grow increasingly aggressive through 2020 to relieve heavy air pollution in much of the country, but it has yet to specify how such a plan will be enforced.
The new scheme to promote “new energy” cars, which generally refers to all-electric battery cars or heavily electrified plug-in hybrids, gives automakers credits for producing and selling such vehicles, helping them to meet new and more stringent fuel-economy rules.
“Relevant national departments are currently studying and drawing lessons from the U.S. state of California’s methods to encourage the use of new energy cars (to tackle vehicle emissions),” said Xu, who as leader of a major state-owned company is also a high-ranking Communist Party official.
There would be two schemes, one for automakers and one for consumers, to promote green cars in China, Xu told reporters at a media event at its Beijing headquarters.
Automakers would be given the most credits for making all-electric battery vehicles, fewer for plug-in hybrids and the least credits for traditional gasoline-electric hybrids.
Traditional gasoline cars that do not meet the new fuel economy requirements would get negative points, he said.
Carmakers failing to meet the new national fuel economy requirements could then buy credits from over-achieving companies to make up the difference.
Meanwhile, consumers would receive credits redeemable for money based on the distance they drive in full electric mode, with drivers using gasoline being required to pay an additional fee for the distance driven."
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