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

China Makes 20 Versions of Detroit in EV Push

July 5, 2019/in In the News/by Gray Leigh

In Bid to Become Manufacturing Superpower, China Makes 20 Motor Cities

It’s no secret that China aims to become a clean energy titan. After all, Chinese cities suffer from horrible pollution levels. Nevertheless, it remains steadfast in its desire to abolish the combustible engine. Now, as China makes 20 versions of America’s motor city, the plan takes shape.

READ: Chinese Electric Car Industry Leads World

Currently, China has 65 cities with over 1 million people. Consequently, it’s capable of creating manufacturing hubs along its populous East Coast.

Evidently, this bodes well for the nation’s growing economy. For example, Foshan’s planned EV project is expected to generate $15 billion for the local economy.

A Massive Electric Vehicle Investment

China makesUltimately, China’s invested about $30 billion in EV manufacturing. However, it’s only getting started.

Currently, nearly 500 electric car startups clutter the Chinese automaking landscape. Evidently, the China-US trade war has forced the central government to become more self-sufficient.

As a result, China’s overseas operations target the resources needed in electric vehicle manufacturing. In particular, lithium mines are of great interest to Chinese firms.

A Belt & Road Priority

Many of these projects can be found in South America’s Lithium Triangle. Hosting nearly half the world’s lithium supply, Argentina, Chile, and Bolivia attract investment dollars the world over.

However, China’s plan to expand influence overseas (dubbed the Belt & Road Initiative) has overwhelmed Western competition.

China’s bid to become a clean energy titan aligns with its plan to become a global economic powerhouse. Wisely, it knows that electric vehicles will soon outperform gas-powered models in both price and performance.

To compete, America’s motor cities of yesteryear must re-emerge. This time, powered by lithium-ion batteries.

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
Ultra Lithium Signs Difinitive Partnership Agreement with Zangge Mining for Laguna Verde Brine Lithium Project in Argentina
electric airplane Electric Airplane to Own Norwegian Skies by 2040
Harbour Air Electric Plane Ultra Lithium Completes Second Tranche Of Private Placement
Harbour Air Electric Plane Ultra Lithium Enters Into A Letter Of Intent For South Big Smoky Valley, Nevada Joint Venture
Ultra Resources Engages Red Cloud as Capital Markets Advisor
Harbour Air Electric Plane Ultra Lithium Acquires Additional Exploration License in Serbia
Harbour Air Electric Plane Harbour Air Electric Plane Coming Soon
Harbour Air Electric Plane Ultra Lithium Signs MOU for Trial Production of Lithium Carbonate

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.

EV Supply Chain in Europe Steadily GrowsEV supply chainUltra Lithium Assayed Up to 54.77 G/T (1.93 OZ) Gold in Rock Samples from Mining...
Scroll to top