PLS is only as good as its market, page-20

There are at least three other technologies that could impact lithium batteries for eVehicles.
https://in-wheel.com: The Uk's Ceres Power Ltd  : and the new Graphene based energy storage
developments, but all these alternatives are in their infancy whereas Lithium is a proven technology and the mines and processes have had the cash spent on them, with the mines now at the stage to immediately come on-stream.  As for the vehicles themselves, it takes car companies on average three years to introduce a new model. That is why China has rushed to obtain a lithium supply chain and Australian lithium miners are the primary beneficiaries. China has also heavily invested in European car manufacturers and building out lithium battery plants as fast as they can in China itself.  Whichever way you look at the eVehicles battery market is poised for a rocket take-off as all the piece parts are in play and fully understood. New technologies will come through but they will also have to go through the same lengthy gestation period before being readily accepted. In the interim, there are fortunes to be made.