$EVKRF COQUITLAM, BC / ACCESSWIRE / September 13, 2023 / Grid Battery Metals Inc. (the "Company" or "Grid Battery") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) provides the following update to its Shareholders.
TO OUR SHAREHOLDERS
First off, I would like to thank you for your support of our Company. Your continued support of our team and the development of our world class North American lithium and nickel properties is impressive.
We have spoken many times in the past about the shift to Electric Vehicles (EV) in North America and throughout the globe. This is an undeniable consumer trend that we are experiencing. Auto manufacturers worldwide are producing more EVs for sale each year, both in terms of the number of car and truck model options available for consumers but also in terms of the numbers of cars produced. Governments are stepping up with EV subsidies for both consumers and manufacturers, and auto manufacturers are increasing their manufacturing capacity. One example can been seen by the recent announcement by Tesla Inc. (NASDAQ: TSLA) to increase the capacity of a newly proposed Mexican manufacturing facility to produce over 2 million vehicles / year and committing to an investment of US$10 Billion in 2025.
