ULTRA LITHIUM INC. — TSX.V-ULT
Ultra Lithium Inc. ULT
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Blog - Latest News
next-gen porsche

Next-Gen Porsche EV Batteries Coming in 2020

March 12, 2019/in In the News/by Gray Leigh

Next-Gen Porsche Batteries to Increase Range by 20%

The auto industry is going green. Consequently, the world’s largest players jostle for position to become leaders in the new electric vehicle landscape. A German juggernaut has, in recent weeks, made several moves to achieve this. As a result, a line of next-gen Porsche batteries for its fleet of electric vehicles comes as no surprise.

READ: Porsche Macan Going 100% Electric

Ultimately, the batteries will increase the ampere-hours of cells from 37 to 47. Granted, this improvement seems minimal. Nevertheless, it’s a monumental leap. Currently, potential EV owners are scared off by range anxiety. Additionally, challenges with charging station access stifle plug-in car sales.

next-gen porscheUltimately, the batteries are designed to rapidly increase the distance an EV can travel on one charge. However, they won’t be available until next year.

Porsche Aspires to Dominate Plug-In Industry

Nevertheless, Porsche’s place in the EV space is well-known. It’s announced 20,000 ‘shows of interest’ from customers about its new Taycan. Currently, it offers two years of free charging to all new Taycan owners at any Porsche dealership.

As a result, Porsche has decided to increase production of the popular vehicle. Additionally, it’s announced an all-electric model of the company’s most popular vehicle. That’s right, the Macan is going green.

Meanwhile, some customers have placed a $2,800 deposit on the Taycan. Much like Tesla, Porsche will struggle to meet demand for the first few years.

EV Adoption Relies on Lithium-Ion Advances

next-gen porscheOne primary factor holds back electric vehicle sales: technology. Consequently, Porsche (and most other automakers) have drawn a telling conclusion. Developments in lithium-ion battery technology spell dollars. Moreover, they spell environmental preservation.

Porsche bets that electric vehicles will soon dominate the auto industry. There are several reasons for this. Firstly, the international community has started to invest in Li-Ion battery production. Recently, Germany invested heavily in its own battery facility. Additionally, both Indonesia and India strive to become production hubs.

Meanwhile, every automaker from GM to Dyson (?) have announced plans to completely electrify their fleets. Next-gen Porsche batteries surface as Li-Ion tech advances pour in.

It appears the German automaker’s bet is a safe one.

Related Articles

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

Toyota and Panasonic to Make Lithium Batteries

EU Emissions Policy Benefits Electric Vehicles & Lithium Batteries

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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LITHIUM

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

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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

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