Saturday, March 10, 2018 1:56:03 PM
Just check out today's WSJ article, "Electric Cars Get Makeover," on page B4. Here are a few excerpts:
* Ford recently announced that it is spending $11 billion to develop more compelling battery-powered vehicles, a rising financial commitment underscoring a "willingness among big car companies to experiment with the types of sexy electric cars that give Tesla Inc. its appeal;"
* Ford's push is part of "more than $70 billion in planned investments into electric vehicles and batteries that global car companies have announced since the beginning of 2017;"
* "Jaguar is expected to offer an electric SUV via U.S. dealerships, to be followed by new battery-powered offerings from brands as diverse as Audi, Porsche, Volvo and Toyota;"
* "Deliveries of pure electric and plug-in hybrid vehicles are on pace to top 200,000 for the first time" and (here's my favorite part) that represents only 1% of the market, but since 2011 EV sales are up 1,070% compared to sales of all vehicles, which are only up 35%. Imagine the demand for Li as that trend continues and EV sales get up to 30%, 50%, and eventually 80 - 90% of the market!! Li supply outstripping demand?? I think not;
* Jim Farley, Ford's global markets chief, says: "We will be converting our most traditional, most iconic vehicles to all-electric," adding that he even sees a potential market for pickup trucks like the F-150 fully powered by batteries. The choice at dealerships for electric vehicles, now paltry, are "going to explode" he said;
* Among Ford's planned vehicles is a high-performance electric SUV coming to showrooms in 2020 called the Mach 1, a name the company once used on its powerful Mustang sports cars;
* Ford's new strategy comes as "battery costs are falling, promising to cut prices of electric vehicles, which are typically thousands of dollars more expensive than comparable gas powered models. Stricter regulations in markets such as California and China are mandating electric vehicles;"
* the U.K., France and India have also all weighed banning internal-combustion engines for environmental reasons;
* Volkswagen has committed $40 billion to electric vehicles through 2022, including a battery-powered version of its iconic microbus called the Buzz;
* Mercedes-Benz parent Daimler AG plans to invest as much as $12 billion in electrified vehicles; and
* GM plans 20 new battery and fuel-cell electric vehicles by 2023.
Charts?!?! We don't need no stinkin' charts!!! Oversupply of Li!?!? Hah! As if!!
All anyone has to do is stay the course on this incredible Li battery disruptive technology. Easy pickings IMHO.
LAC longggggg!!!
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