News just in: PORSCHE TO EXPAND MISSION E-ELECTRIC LINE AS BATTERY-CAR PUSH SPEEDS UP. Source: Bloomberg 17/3/2018
In brief: Porsche has DOUBLED its electric-car development budget to a staggering $7.4 billion. Porsche is particularly exposed to EU emission control rules and exhaust crackdown, given ALL of its cars feature powerful engines. Their new three pillars policy will be spread between ICE, pure electric and electric hybrids in order to facilitate differing global demand. There will even be a classic Porsche 911 fully electric. Fat balding estate agents going through a mid-life crisis, the predominant target market(my slant).
Wow! $7.4 Billion ain't small dollars. Again, I put it to you that the lithium story continues to grow at an exponential rate. Today, $billions - tomorrow, $trillions.
Morgan Stanley also believe that there is an oversupply of fairies at the bottom of their garden
PLS - Lithium related news, page-4
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