Bloomberg reports that Automakers are testing packs of lithium-ion batteries assembled by Silicon Valley startup Tesla Motors Inc. costing less than bigger, car-only batteries favored by General Motors Co., Nissan Motor Co. and Mitsubishi Motors Corp.
“What you're looking for is lithium development companies that can play that role producing inexpensive battery grade lithium . . . It's companies similar to the ones we have under coverage like Western Lithium Corp (TSX-V:WLC), Rodinia Minerals Inc (TSX-V:RM) and Salares Lithium Inc. (TSX-V:LIT).”
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