While the lithium market is primarily driven by demand for lithium-ion batteries for electric vehicles and mobile electronics, lithium for use in larger energy storage systems is gaining traction.
Articles Tagged "clean technology"
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.
Driving strong demand for lithium battery adoption, a resent report has been published that suggests hybrid and electric cars may grab as much as 10 percent of the European automobile market by 2020.
Investors are always looking for a competitive advantage. ‘Life begins with Li’. Endeavoring to identify a hidden gem in the lithium investment world for investors will involve eliminating potential bias slant while identifying the real competitive advantages.
President Obama aims to have one million electric cars on US roads by 2015, but the road ahead is clearly still pothole ridden. His short trip to China ensured the green signal for the US-China Electric Vehicles Initiative, all set to ensure lithium as the next break out investment.
As the push towards cleaner, more renewable energy sources like solar and wind power systems intensifies, the energy storage industry is expected to grow as well. Li-ion batteries are already being looked at as a possible option for utilities energy storage.