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Automakers are investing heavily in electromobility, and Elon Musk swears by lithium

Herisau, 24.06.2022 (PresseBox) -  

Lithium is not only used in electric vehicles, but also in many everyday objects.

Only recently, Elon Musk recommended entering the lithium industry because there were enormous profit margins, "it's like printing money. Batteries and rechargeable batteries are increasing in importance immensely, so that one sometimes hears that we are only at the beginning of a lithium boom. In this country, research is being done on lithium, recycling and by-products. Germany has yet to establish itself on the international lithium market. Chile, Australia, Argentina and, of course, China dominate here. And the current energy crisis and high energy prices show that dependencies can be fatal.

Car manufacturers also know that they can no longer get around lithium. Audi, for example, is investing 320 million US dollars to increase the engine output of electric vehicles in Europe. One focus here is on Hungary. The country ranks 20th among the world's largest car exporters. Renault Group will enter into a joint venture with Chinese supplier Minth Group to expand a battery parts production facility. It is expected to produce around 300,000 cases annually by 2025. Furthermore, a joint venture exists between Sony and Honda with the aim of producing electric vehicles by 2025. Honda plans to offer around 30 electric vehicle models by 2030. Two million electric vehicles are to be produced per year.

So, for electromobility to gain momentum and CO2 emissions to be cut, a lot of lithium is needed. Alpha Lithium and ION Energy, for example, have this raw material in their projects.

Alpha Lithium - - is working in Argentina in the Lithium Triangle. Production is to start as soon as possible.

ION Energy - - owns two lithium projects in Mongolia. Mining friendliness and working conditions are very good there.

Current corporate information and press releases from Alpha Lithium (- -).

In accordance with §34 WpHG I would like to point out that partners, authors and employees may hold shares in the respective companies addressed and thus a possible conflict of interest exists. No guarantee for the translation into English. Only the German version of this news is valid.

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