Lithium Americas Corp (LAAC)

[G8trlongonlith]

Today's WSJ:

China Startups Take Aim At Tesla (Page B4)

Host of well-financed developers are racing to bring smart electric vehicles to market

Excerpts:

* Backed by billions from influential investors and armed with global talent, over a dozen Chinese startups want to make dinosaurs of incumbent auto makers. As they start production, their determination is raising the pressure to innovate at traditional auto makers.

* "Tesla paved the way, now we're taking this a step further." ... "We have a mission to transform mobility," said Padmasree Warrior, who runs the U.S. arm of Shanghai-based NIO, one of the Chinese startups that want to drive the convergence of the automotive and technology industries.

* Chinese auto startups -- many of them founded just two of three years ago -- are betting they can leapfrog existing auto makers in creating a new world of electric, networked cars that drive themselves.

* NEVS, a Sino-Swedish venture that acquired the assets of bankrupt Swedish auto maker Saab in 2012, started production of an electric version of the Saab 9-3 in Tianjin in December.

* WM Motor, backed by Baidu and Tencent, finished building a plant in Eastern China in September and plans to start production in early 2018. WM aims o offer a cheaper alternative to both Tesla and NIO, with mass market EVs for under $30,000.

THE FUTURE LOOKS BRIGHT FOR LITHIUM AND LAC LONGS!