Great result for PLS secured supply of 5 Mtpa and agree about CATL .
They still have time as the IPO is around late May.
Interesting that VW have not announced anything still regarding the 60 billion worth of contracts , and BMW either.
CATL is a front runner indeed if it can offer significant savings in lithium pricing and cobalt should a JV be established with AVZ and Huayou Cobalt.
Manono is very strategic due to the size combined with great metallurgy and tin credits.
CATL was involved with Glencore and VW in a tripartite agreement to secure cobalt from DRC last year.
Will not be surprised to see a similar tripartite agreement regarding Manono.
Anush great post no 31330819 highlights CATL ambitions in the graph 100 Gwh, but a safety net is provided by Chinese Government by the regulations surrounding use of locally produced batteries and subsidies beyond 2020.
It will not only be VW , BMW and Nissan wanting to expand EV manufacturing in China and planning to spend billions in the process.
Yes Haplo does not leave many viable and very competitive options like Manono.
All Imo
https://www.caixinglobal.com/2017-09-15/101145945.html
Chinese battery-maker Contemporary Amperex Technology Co. Ltd. (CATL) is among the front-runners in a race for billions of dollars worth of contracts expected to be awarded by
Volkswagen as the German automaker boosts electric vehicle output.
CATL is one of three to five battery-makers now competing for contracts tied to Volkswagen’s evolving MEB program for all-electric vehicle production, CATL’s European region chief Matthias Zentgraf told Caixin on Wednesday at the Frankfurt Auto Show in Germany. The automaker is expected to announce battery supplier decisions early next year, he added.
The MEB project could generate $60 billion worth of battery contracts, according to Volkswagen.