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Blog - Latest News
Mini electric cars

Mini Electric Cars Coming to United States

February 6, 2019/in In the News/by Gray Leigh

American Market to Introduce Mini Electric Cars

In China, mini electric cars are all the rage. Over 2,000 units were purchased in 2017 alone. Consequently, their $1,000 price tag lured those working on job sites and industrial parks. After all, these NEVs (Neighbourhood Electric Vehicles) aren’t known for their speed.

READ: Electric Vehicle Wins Car of the Year

Mini electric carsHowever, mini electric cars are ideal for areas where speed isn’t a priority. Furthermore, some automakers believe there’s a large potential market in the US. Meanwhile, analysts believe NEVs satisfy the needs of many living in high-density areas. Additionally, farmers are primed to benefit.

As a result, China’s Kaiyun Motors will offer its ‘Pickman‘ to American consumers in 2019. The little slice of convenience will go for $8,950.

Making Clean Transportation Affordable

Unfortunately, these vehicles take 10 hours to charge. Moreover, its top speed is just 28mph.  However, its 450kg storage capacity will sway consumers to take the leap. It’s important to note that NEVs aren’t competing with traditional flatbed trucks. Instead, this untapped American market appeals to both pragmatists and the eco-conscious.

Currently, only the upper-class has access to electric vehicles in North America. Regrettably, luxury and sustainable living go hand-in-hand. Market experiments like the Pickman could help change this.

Electric Cars Increase Lithium Use

Mini electric carsFor starters, larger automakers will take notice. If Kaiyun experiences success, the Pickman will encounter fierce competition. Additionally, governments and corporations overwhelmingly back clean transportation projects. Subsidies on zero-emissions vehicles continue to lure investment dollars. However, what works in one country doesn’t necessarily work in another. Nevertheless, clean transportation and the use of lithium-ion batteries seem to be universally beneficial. As technology progresses, so too will adoption. Here’s to the Pickman’s success.

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

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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

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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

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