Stealth • 3m
Boom of EV and how can India beat it's competition? (Part-3) Before jumping into India's role in EV revolution, we need to understand current market leader i.e. China. So china has stacks in world's biggest hard rock lithium mine - Green Bushes Mine in Australia and second largest share holder in Chilean mining company - SQM Co. In addition, China's Ganfeng Lithium Co. controls 51% Argentinan Lithium project and they invested in Bolivian Lithium reverses. In total, China control over $1 trillion supply market of lithium which itself is a big deal. Secondly, they have refining capabilities which any other country does not have it yet. In total, they control 60% of the global lithium refining capabilities and manufacture 75% (148/200) of the total batteries. So the question over here is - why does the world let China dominate this market? We could have recycled it and resell it. The reason is there recycling capabilities which is 66% in total.
Lol Chinese government give subsidies to its car manufacturers and car manufacturers can cut prices of their cars byd got 2 or 3 billion dollar worth of subsidies
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SELF • 3m
China can provide cheap labour for these kind of stuffs . Im sure that's the reason and many other political reasons which are not available in public domain 👀.
We have found a lithium mine in India too (Ladakh). That will help the EV revolution.
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