News Update- WSJ Leads the Pack

It was a busy news week, given the increasing coverage of the electric vehicle and ancillary markets.  Here is a roundup of some of the more interesting stories:

  • With all of the bullish sentiment surrounding EV adoption, CNBC presented the bear case in this article.
  • Citi came out with a report naming the next lithium stocks that they believe will emerge on Global X’s LIT fund holdings.  Read the full story here.
  • China plans on building commercial suspension rail lines powered by lithium ion batteries.  Read the full story here.
  • Tesla struck a deal with Shanghai to build a factory in China.  This will allow the company to slash production costs.  However they will still be subject to the 25% tariff imposed on their products in China.  Read the full story here.
  • Another piece by the WSJ (great to see such increasing coverage of the lithium and ancillary markets!) talks about China’s road to EV domination being driven by their support of domestic battery suppliers.  To qualify for EV subsidies, automakers must use batteries supplied by companies on a list of government-approved vendors, which includes only domestic companies.  Read the full story here.  
  • WSJ for the hattrick- they wrote an interesting piece discussing how the technology is now available to power homes on batteries.  Given the increasing availability of solar panel and home energy power pack combos, consumers can embark on a different kind of cable cutting in their home.  Read the full story here.
  • China’s electric car output will hit 1 million units next year, and 3 million by 2020 according to the chairman of the BAIC group.  Read the full story here.
  • Jiangxi Special Electric announced plans to take a stake in lithium mining and exploration company Tawana Resources, becoming yet another EV manufacturer looking to secure their supply of lithium.  Read the full story here.
  • Consultancy Wood Mackenzie said in a report last week that signs of peak oil demand were already surfacing.  Read the full story here.
  • ICYMI: Given all of the exciting news about the EV boom, we interviewed Brian Bloom, EV commentator and author of Totaled: The Billion-Dollar Crash of the Startup that Took on Big Auto, Big Oil and the World.  Check out the interview to get his take on the current environment and future outlook.


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