CATL cannot afford to let the opportunity to secure Manono go to CMOC /Shanshan.
In a leaked product roadmap, VW plans indicate that at least three of its upcoming electric cars are to be sold in China.
CHECK OUT: China electric-car rules to start in 2019; aggressive totals are world's highest
Those are the ID Cross, ID Lounge, and ID AEROe—although VW so far hasn't shown the latter two.
Volkswagen's electric-car production target will require 150 gigawatt-hours worth of lithium-ion batteries each year.
And as of now, China looks poised to take what could be the largest part of the German automaker's battery needs.
https://www.greencarreports.com/new...m-may-ally-with-vw-for-electric-cars-in-china
CATL has plans for 60 gigawatts-hours worth lithium -ion batteries to meet its expansion ambitions and meet current customers , if it wants a major slice of the VW contract must secure lithium supplies.
Already has major contract with VW with the Glencore deal ,regarding cobalt supplies but VW requires additional supply which depending on Huayou if it has additional capacity to supply VW.
https://www.ft.com/content/83280ada-c908-11e7-ab18-7a9fb7d6163e
Against the exponential growth in lithium demand
Huge problem / Mike BECK video and Tesla trucks / BYD buses expansion /where is this additional supply going to come from?
Friendly take over later with existing shareholder Huayou Cobalt upon some infill drilling results?
Requiring 75% of the votes.
perhaps a requirement by CATL /HC board to do infill drilling hence the 4 drill rigs ready to go,
If it pays a premium for 10 to 15% under the AVZ placement facility share price will smash the 30c resistance and game on.
Soon find out what these billion dollar majors bring to the table.
ALL IMO
(20min delay)