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08/08/17
07:38
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Originally posted by M92
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Alan Rule, chief financial officer of lithium miner Galaxy Resources, said he had recently had meetings with some of the biggest traditional car manufacturers in the world about whether the product from its proposed Sal de Vida and James Bay projects would meet their specifications.
Traditional car manufacturers points to Volkswagen Group (inc. Audi and others), BMW, Mercedes, Nissan or Toyota in my view. These are the manufacturers most active within EVs.
Volkswagen group is by far the fastest mover in the EV space in an attempt to improve their image from the Dieseldate fiasco. They explicitly stated this was one of their reasons behind moving into EV. The E-Golf, ID and Audi E-Tron range will arrive fairly soon.
They posted some immense profits this year with their cost cutting efforts which makes me believe they can afford a large pre-payment with ease and the 2025 year target lines up with their production timelines.
Let's wait and see.
Volkswagen would be a dream partner.
M92
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This is a huge statement for unlocking potential SP value. And sheds some more light on what was stated at the qtr investors session by AT. D&D news like this should make for an interesting day.