Thursday, January 25, 2018 4:36:07 PM
What makes lithium stocks go up is the continuously increasing high demand for lithium-ion EV batteries.
Panasonic has been the leader in EV batteries, they have been the largest
producer with the highest performance and the lowest cost.
Panasonic started EV battery cell production at the Tesla/Panasonic Gigafactory January 4. 2017. The Gigafactory is the biggest EV battery factory in the world. They are currently at about 20 percent with plans to be 100 percent in 5 years.
Panasonic has an EV battery plant in Japan that is currently in production. Panasonic is currently converting their old TV factory in Japan to EV battery production. They are also building a new EV battery plant in china (at the request of Toyota and Honda), and they are considering partnering with Tesla on building yet another Gigafactory in China.
Tesla and Toyota are partnered with Panasonic because they want to work with Panasonic to continue to develop and produce the best batteries possible.
Toyota is trying to get all of the Japanese car manufactures to agree to use one common EV battery. If that happens Panasonic will just snowball.
I think that Panasonic has the same growth potential as any lithium miner.
About 2 years ago Panasonic's stock was in the 7 dollar range, that's when I wish I had gotten into it. But I feel confident that this stock has a long and profitable future ahead of it.
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