Mercedes Benz have decided to proceed with lithium ion batteries,
VW will follow .
Subsidies for NCM batteries in China have stopped but LFP batteries continue to receive government subsidies.
further support for demand for Australian spodumene supply.
http://www.bloomberg.com/news/articles/2016-03-31/samsung-and-lg-have-a-battery-problem
"Without government subsidies, which can account for as much as 40 percent of the price of an electric vehicle in China, models with NCM batteries will have more trouble finding buyers. A Chinese shift away from NCM could mean a 10 percent drop in LG’s global battery sales, says Lee Dong-Wook, an analyst with HI Investment & Securities. Samsung should expect a 15 percent overall hit, says Kim Ji-San, an analyst with Kiwoom Securities. Panasonic is much less exposed, with less than 1 percent of its EV battery sales coming from China, says Simon Yu, managing director at SNE Research."
http://eng.skinnovation.com/pr/press_02.asp?idx=426
SK Innovation announced that it has been selected as Lithium ion battery cell supplier for electric vehicle projects for Mercedes-Benz passenger cars.
ALL positive for PLS and Australian spodumene suppliers that have low cost production around $200 per ton.
Lithium, page-769
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