The large manufacturing facility referred to as Liotech is expected to produce up to 500,000 lithium batteries per year. The the expectation is for the plant to produce lithium batteries to supply electric vehicles and larger bus batteries, in addition to a variety of energy storage applications, and emergency power supplies.
A commercial partnership between Daimler AG and BYD Company Limited expects to unveil a future electric vehicle concept during an autoshow in Beijing next April.
A report from PwC suggests that sovereign wealth funds have the potential to increase exposure to the lithium industry.
A report from Pike Research indicates China will be firmly positioned as the leading market for electric vehicles in the Asia Pacific region within the next 4 years. For lithium industry stakeholders and observers the bullish report suggests that the growing Chinese market will contribute to almost 50 percent of the territory’s aggregate sales.
In a recent global consumer survey, global consumer segmentation for electric vehicles indicates “potential first mover” or “willing to consider” interest to be over 85 percent in the emergent markets of Brazil, India and China.
Several important developments in the lithium battery industry have turned a focus towards China as the country continues its quest to maximize exposure to lithium technology and bypass the west’s historical dominance of internal combustion technology.
Senior government officials and ministers have announced an agreement to commit to increasing the energy efficiency of transportation, including the promotion for electric vehicles, lithium batteries, biofuels and natural gas vehicles minimizing oil demand for transport.
Inflationary costs, unexpected weather issues and global economic malaise have created a challenging environment for many lithium producers and exploration and development companies.
The President of Bolivia, Evo Morales has signed an agreement with a Chinese investment company (CITIC) to explore the potential for economic lithium reserves in the Salar de Coipasa.
New Energy Systems Group (NYSE:NEWN) reports it has three new remote power lithium ion batteries for tablets and mobile devices.
Thursday, January 19, 2012