The significance of this sales agreement becomes evident when we read an article in todays Australian, and as I point out later the tie up between BTR and BYD (the largest EV Compay in China) China Fuels electric dream
Article covers the phasing out of petrol/diesel vehicles and includes the following
What is interesting is that Syrah signed a Sales and Marketing agreement with Morgan Hairong on 15/11/2015and can be read Here
As part of announcement it included In March 2015, Chinese automaker BYD Co Ltd, announced that it plans to add 6 GWh of battery
production over next three years, and hopes to continue adding at that pace subsequently,
subject to demand. This means that the company could ramp up from 10 GWh capacity at the
end of this year to about 34 GWh of batteries by the beginning of 2020 Now the tie up between BTR and BYD is covered in a market update by Lambo Resources in 2014 Spherical customers including anode materials
BTR New Energy MaterialsInc. (website: www.btrchina.com): Based in Shenzhen, BTR is one of the leading anode material manufacturers in the world. It supplies to BYD(China’s Largest Electric Vehicle Company) and Tianjin Lishen Battery in China and also Samsung and LG in Korea
Had considered putting this in thread started by Redgum Mixing with the right people
or another of hisSome notes from phone hook up 30/1/2017
Either way well worth a read of each.
SYR Price at posting:
$3.70 Sentiment: Buy Disclosure: Held