Harald Kruger, CEO and Chairman of BMW, says they have committed 10 Billion dollars of R&D to electric vehicles for 2018. This is the largest amount of R&D expenditure ever in the history of BMW. He goes on to say that BMWs priority is clearly electrification. Source: Bloomberg 18/5/2018
ALSO, a lot of positive, Bloomberg chatter about the KDR, Tesla off-take deal we heard about today, with analysts commenting that the rush to secure lithium is heralding a shortage of supply and the need to lock in lithium stock to cope with the growth in demand.
ALSO today, Brent crude rose above the $80 per barrel mark, and is expected to continue its gain, which is set to place more demand on electric vehicles.
ALSO, Elon Musk will announce the establishment of a battery, giga factory in China some time in the third quarter of 2018.
So with every minute that passes the news for lithium, and by extension PLS, just gets bigger and better and more exciting. Clearly, we are now well past the point of no return with this technology, the Rubicon forded with no need of rescue. Except of course for Morgan Stanley left drowning in the incredulous soup of their own making.
Harald Kruger, CEO and Chairman of BMW, says they have committed...
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