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$FRRSF- The Lithium Ion Battery Mega-Factory – Changing the Lithium Game Forever

While most investors have heard about Tesla’s $5 billion Giga Factory, designed to double lithium ion battery production capabilities, lesser known are the many other lithium ion battery factories that are being planned by the industry. For example, other facilities that are being planned, or that are already being built, are factories for mega-companies such as LG, Foxconn, BYD and Boston Power. Exhibit Six outlines some of the capacities being built for these major market players.

Second only to the size of the Tesla factory, will likely be Foxconn’s battery factory that is being built in China at an investment of almost $1 billion. The factory will make not only lithium ion batteries for consumer electronic devices – most notably the iPhone – but, will also be a major source of batteries for Chinese electric vehicle production. With China seeking to reduce air pollution, electric vehicle production is a priority with manufacturing levels already rising very rapidly.

http://globalsmallcaps.com/2017/12/04/join-the-lithium-boom-with-far-resources-ltd/