Make what you like with this !
CHINA WORKING QUIETLY TO DESTROY TELSA'S DREAMS - BLOOMBERG
BACK TO HOMEPAGE
June 28
14:112017
Share it With Friends
As Elon Musk races to finish building the world’s biggest battery factory in the Nevada desert, China is poised to leave him in the dust.
Chinese companies have plans for additional factories with the capacity to pump out more than 120 gigawatt-hours a year by 2021, according to a report published this week by Bloomberg Intelligence. That’s enough to supply batteries for around 1.5 million Tesla Model S vehicles or 13.7 million Toyota Prius Plug-in Hybrids per year, according to Bloomberg New Energy Finance.
By comparison, when completed in 2018, Tesla Inc.’s Gigafactory will crank out up to 35 gigawatt-hours of battery cells annually.
Lithium-ion batteries have long been used in smartphones, laptops, and other personal electronics, but demand is forecast to explode in the next five years as electric vehicles proliferate and power companies install giant storage systems to smooth the ebb and flow of wind and solar.
Telsa produced nearly 84,000 vehicles in 2016 and has said it plans to make 500,000 in 2018.
While Tesla may be building the biggest and splashiest factory, the Chinese government has launched a sweeping effort to increase the country’s dominant market share.
---- If there's truth in this caption, That means the Chinese are going to need every ton of materials they can get their greasy little fingers onto and you can see already what the price of these materials going to look like in a couple of years from now.
Continue Reading At Bloomberg
http://dailytradersedge.com/2017/06/china-working-quietly-to-destroy-telsas-dreams-bloomberg/
- Forums
- ASX - By Stock
- MTL
- Ann: Appendix 3B
Ann: Appendix 3B, page-4
-
- There are more pages in this discussion • 14 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add MTL (ASX) to my watchlist
(20min delay)
|
|||||
Last
0.3¢ |
Change
0.000(0.00%) |
Mkt cap ! $18.59M |
Open | High | Low | Value | Volume |
0.3¢ | 0.3¢ | 0.2¢ | $4.271K | 1.743M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
13 | 16732467 | 0.2¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.3¢ | 60261763 | 62 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
13 | 16732467 | 0.002 |
76 | 409285734 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.003 | 60261763 | 62 |
0.004 | 55663315 | 36 |
0.005 | 32480445 | 19 |
0.006 | 27023548 | 10 |
0.007 | 6071009 | 3 |
Last trade - 15.49pm 10/07/2024 (20 minute delay) ? |
Featured News
MTL (ASX) Chart |
The Watchlist
I88
INFINI RESOURCES LIMITED
Charles Armstrong, CEO
Charles Armstrong
CEO
SPONSORED BY The Market Online