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
Rivian Ultra Lithium Completes Second Tranche of Financing
American grid storage American Grid Storage Market to Lead World
Rivian Ultra Lithium Completes Share Consolidation
lithium price Lithium Price Transparency Backed by Argentina
Rivian Ultra Lithium Commences Drilling At The Balkans Lithium And Boron Properties In Serbia
Rivian Ultra Lithium Appoints New Technical Advisor
EU Policy EU Policy Requires EV Engine Noises
Rivian Rivian Receives $500m Investment from Ford

LATEST NEWS

  • 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
  • Ultra Lithium Intersects 2.68 Percent Lithium Oxide at The Forgan Lake Lithium Property in Northern Ontario, CanadaFebruary 8, 2023 - 5:00 am
  • Ultra Lithium Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 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