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Lithium Technology motives EV boom
Post 14/10/2022 |
The Lithium Technology Revolution is the biggest change the electric vehicle (EV) industry has seen since Ford invented the assembly line in 1913.
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Illustration. https://kinhtexaydung.petrotimes.vn
But the impending supply shortage of Lithium (rechargeable batteries) technology has put an important resource in the spotlight globally. With Tesla's meteoric rise to prominence, nearly every major automaker is turning to produce the next great electric car. Ford made headlines this year when it announced the all-electric F-150 Lightning, which now has more than 200,000 pre-orders. That electric enthusiasm has spread to nearly every other major automaker — including GM, Fiat Chrysler, Mitsubishi, Honda, Volvo and BMW, to name just a few. This massive shift has fueled a surge in demand for a vital element. That's why Reuters recently reported, "Lithium manufacturers are upbeat as the EV revolution drives demand. The Wall Street Journal claims, “Lithium is booming in the battle for electric vehicle batteries.” But Barron's warned, "The electric vehicle revolution needs more lithium." That's just one of the reasons why the top performing lithium companies have fallen so far this year, with some stocks more than doubling since the start of the year. Neo Lithium Corp. gained 198% during that time. American Lithium Corp. 326% increase. And Vision Lithium is up 577% especially for the year. But the biggest winner in the lithium bull market could be the one who not only makes the next big mining discovery, but fundamentally transforms the way lithium is mined around the world. According to petrotimes.vn |