Great News, page-244

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LITHIUM DEMAND EUROPE:

VW - Plans 3 million EVs pa & 50 EV models by 2025. Total spend – EUR 70bn Reports of EUR 10bn battery factory in Leipzig - 150kms from Cinovec

PORSCHE - EUR 1bn EV program, headquarters in Stuttgart & factory in Leipzig. First EV production in 2019. 50% of all vehicles to be EV by 2023

MERCEDES - EUR 2bn EV program with target to bring 10 EV models to the market by 2025, making up 15-25% of global sales. All models to have electric capability by 2022

BMW - Plans to introduce electric Mini and BMW X3 SUV to range of EV’s. Mass production of EV’s by 2020 – 12 EV models by 2025

DAIMLER - Based in Dresden, 45 minutes from Cinovec, building 2nd battery factory & expanding production by EUR 2bn. EUR 10bn by 2020 on 10 new EV’s

SKODA - VW’s Skoda, headquartered in Mladá Boleslav, announced a new all-electric SUV with a 500km range. Plans to build 500k EV’s per year

LG - Building battery factory in Wroclaw, Poland

SAMSUNG - Building battery factories in Hungary & Austria

A123 - Specialist Lithium-Ion battery manufacturers, recently began operations in new factory in Ostrava, Czech Republic

NORTHVOLT - To build Europe’s largest Lithium-Ion battery factory (US 4bn) in Sweden – ex-Tesla executives

TESLA - Building a 2nd Gigafactory in Europe, reported to be in Czech Republic

BMZ - Opened first section of what will be Europe’s biggest lithium-ion battery factory in Karlstein, Bavaria & intend to launch their own extremely efficient cell by year-end

TERRAE - Plans to build Gigafactory in Germany with capacity of 34 GWh/year by 20