ULTRA LITHIUM INC. — TSX.V-ULT
Ultra Lithium Inc. ULT
  • Home
  • About
    • Overview
    • Directors
    • Management
    • Corporate Responsibility
    • Corporate Information
    • Disclaimer
  • Lithium
    • Overview of Projects
    • Laguna Verde Brine Lithium Property
      • Laguna Verde Brine Photos
      • Laguna Verde Brine Maps
    • Georgia Lake Lithium Pegmatites
      • Georgia Lake Lithium Photos
    • Forgan Lake Lithium Pegmatites
    • South Big Smoky Valley Project
    • Lithium Uses
  • Gold
    • Gold Projects
    • Assay Results
    • Gold Project Photos
  • Investors
    • Stock Quote
    • Investor Presentation
    • Regulatory Filings
    • Investor Contact
  • News
    • News Releases
    • Media Contact
    • Media Resources
  • Contact
    • Contact Information
    • Investor Email Signup
  • Menu Menu
  • Twitter
  • Facebook
  • LinkedIn
  • Youtube
Blog - Latest News

BMW Doubles Li-Ion Battery Production

August 1, 2019/in In the News/by Gray Leigh

$10 million Investment as BMW Doubles Electric Vehicle Battery Production

25 electric vehicle models by 2023 is no easy feat for a number of reasons. Firstly, each model requires a custom battery design. Secondly, enough batteries must be produced to satisfy demand. Evidently, a prominent German automaker is aware as BMW doubles EV battery production.

READ: BMW Management Focuses on EVs

Evidently, the need to roll out an electric fleet to compete with Tesla is the company’s singular focus. Consequently, BMW fired its CEO for this reason alone.

After all, BMW has struggled in electric car sales. Despite entering the market early on, its flagship iSeries hasn’t gripped consumers.

BMW DoublesExpanded EV Effort

As a result, BMW’s decided to move in a different operational direction. Much like Toyota, it understands that financial success means phasing out traditional models.

Moreover, it knows that satisfying consumer demand for new electric vehicles will soon be crucial. It can learn from the long waitlist plaguing Tesla customers.

BMW’s new battery production line will employ over 120 people.

Building a Battery for Success

BMW DoublesFurthermore, the move will expand the South Carolina assembly plant by 86,000 feet.

It’s important to note different types of Li-Ion batteries will be assembled on this new line. BMW will be equipped to take advantage as more sophisticated battery designs hit the open market.

Nevertheless, automakers like Toyota are taking steps to create patented Li-Ion battery designs that competitors can’t use.

Consequently, BMW’s success hinges on developing enough sophisticated batteries to meet consumer demand.

Also, batteries that eliminate range anxiety would help.

Related Articles

Apple Electric Vehicles: Will They or Won’t They?

EU Emissions Policy Benefits Electric Vehicles & Lithium Batteries

Netherlands EV Share World’s 2nd Best

Ultra Lithium Inc. A team of clean energy experts with a finger on the pulse of clean energy news, ULI is a lithium exploration company with lithium holdings in Argentina, Canada and the US and gold holdings in Argentina. (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

 

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
You might also like
Battery Capacity Battery Capacity Worldwide Doubles in 1 Year
fastest growth phase Fastest Growth Phase: Electric Car Use Increases
India manufacturing India Manufacturing to be Li-Ion Leader
Ultra Lithium Diversifies with the Acquisition of Three Gold Exploration Licenses in Argentina
Honda E Honda E Draws Mass Interest
China Makes 20 Versions of Detroit in EV Push
Ultra Lithium Mineralogy Research Study Indicates 79.38% Gold from Assayed Mineral in Rock Samples
Ultra Lithium Provides an Update On Drilling at The Laguna Verde Brine Lithium Project in Argentina

LATEST NEWS

  • Ultra Lithium Inc. Closes Private PlacementAugust 11, 2023 - 5:30 am
  • Ultra Lithium Sells Laguna Verde for Share Stake in Power MineralsMay 17, 2023 - 5:00 am
  • Ultra Lithium Cuts 1.81 Percent Lithium Oxide Over 10 Meters in Channel Samples at the Forgan Lake Lithium Property Northwestern OntarioMarch 3, 2023 - 10:16 am
  • Ultra Lithium Invites Shareholders and Investment Community to Visit Booth #2353 at PDAC 2023 Toronto, March 5-8, 2023March 2, 2023 - 6:00 am
  • Ultra Lithium Assays Up To 417 PPM Lithium in Drill Hole at the Laguna Verde Brine Lithium Project in ArgentinaFebruary 28, 2023 - 4:30 am

ABOUT

Overview
Management
Directors
Corporate Responsibility
Corporate Information
Disclaimer

 

LITHIUM

Overview of Projects
Laguna Verde Brine Lithium Property
– Laguna Verde Brine Photos
– Laguna Verde Brine Maps
Georgia Lake Lithium Pagmatites
– Georgia Lake Lithium Photos
Forgan Lake Lithium Pagmatites
South Big Smoky Valley Project

Lithium Uses

GOLD

Gold Projects
Assay Results
Gold Project Photos

INVESTORS

Stock Quote
Investor Presentation
Regulatory Filings
Investor Contact

NEWS

News Releases
Media Contact
Media Resources

CONTACT

Contact Information
Investor Email Signup 

CONTACT INFORMATION
Ultra Resources Inc.
1120 – 789 West Pender St.
Vancouver BC V6C 1H2
Canada

Kiki Smith, CPA, CGA
Chief Financial Officer
E: [email address protected by javascript]
T: +1-778-968-1176

Afzaal Pirzada, M.Sc.(Geo), P.Geo.
Vice President, Exploration
E: [email address protected by javascript]
T: +1-778-558-4940

Branding and Design:
NextPhase Strategy Marketing Inc.

Gold Stocks Surge Beyond Expectationsgold stockslithium priceLithium Price Transparency Backed by Argentina
Scroll to top