Originally posted by PASBOZ
Huayou Cobalt joint venture with LG CHEM would not be viewed by CATL as supportive of China Inc.
Maintaining a board member on AVZ by a 10% shareholding would offer some insights into the movements of company.
Who is this undisclosed MOU ?
Perhaps Lithium plus move of $3 million in a supposedly stranded resource of Manono was just a punt ... highly unlikely.
Yes external forces but when you have end customers expanding to 70 gigafactories and VW investing billions IMO we are at the beginning of the exponential curve or at the base of the hockey stick.
As Scarpa has mentioned speed to market is essential, so hopefully management can secure a first step in an off take agreement .
https://electrek.co/2018/08/02/vw-battery-cell-production-electric-vehicles-solid-state/
Instead, they issued
battery supply contracts worth $48 billion with existing battery manufacturers.
ALL IMO
I won't believe Lithium Plus is buying on behalf of CATL. CATL is big enough to do by themselves, similar as they did for North America Lithium. Lithium Plus $3m stake is likely an investment to me.
Personally, I believe Huayou has a first mover advantage, CATL does need to secure their future supply. The question is how keen they are, and how can make it happen?
