Electric Cars Are Coming
Electric Vehicles: President Donald Trump is happy Ford (F) is investing more in America. He tweeted as much after Ford announced it would invest $850 million in Michigan to expand production of electric vehicles. Ford says it is spending over $11 billion on EVs in coming years.
What’s more, BMW (BMW.Germany) is planning 25 electric models by 2025.
Volkswagen is planning more than that. It wants to launch 70 battery-powered and hybrid cars by 2025.
Toyota (TM) and Suzuki Motor (7269.Japan) also announced an EV partnership this week and General Motors (GM) is launching all-electric Cadillacs by 2021 or 2022.
The EVs are coming. Of course, it is too early to say what that means for Tesla (TSLA).
More competition, to be sure, but driving down battery costs—which is a function of the number of EVs being built—is important for all electric car makers.
www.marketwatch.com/articles/levis-ipo-tesla-dow-fed-stocks-thursday-51553170029?mod=mw_latestnews
Gltah
Cheers
Frank
Understanding lithium demand, page-33
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