ULTRA LITHIUM INC. — TSX.V-ULT
Ultra Lithium Inc. ULT
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Blog - Latest News
Porsche Charging Network

Porsche Charging Network to Roll out with Taycan

January 29, 2019/in In the News/by Gray Leigh

Porsche Charging Network Set for Massive Rollout

Electric vehicle owners routinely face a lingering problem. However, this problem doesn’t concern price or charge range. Instead, it’s easy access to charging stations. Consequently, a major automaker has taken notice. The Porsche charging network will hit 191 dealerships throughout the U.S this year.

READ: Porsche Taycan Wildly Popular

Furthermore, Porsche offers three years of use with the purchase of its upcoming Taycan. The EV is considered by some to be 2019’s most popular car. Additionally, the Porsche charging network will operate out of the VW-owned Electrify America Inc . Volkswagen Group is Porsche’s parent company. Moreover, customers will be able to purchase home-charging systems.

Porsche Charging Network

Charging Made More Accessible

The Taycan itself features a 350kW charge rate. Meanwhile, Porsche offers its own DC system that offers a 320kW charge. These will only be available at Porsche dealerships. Ultimately, Taycan owners win. The three-year offer includes unlimited 30-minute charging sessions.

Currently, Tesla dominates the charging network market. However, new competitors (including Porsche) are set to change that. Granted, the $80,000 Taycan is out of most consumer’s price ranges. Nevertheless, investment in charging network infrastructure sets the groundwork for affordable EVs in the future.

Lithium-Ion and Major Automakers Team Up

Porsche Charging NetworkDevelopments like the Porsche charging network excite clean energy advocates. Moreover, it’s set to increase the share of EV purchases in the auto market. Currently, Lithium-Ion batteries power most electric vehicles. Consequently, the resources involved in the battery’s creation become more sought-after.

Both major automakers and national governments overwhelmingly push for electric vehicle growth. As a result, mining operations throughout South America receive increased attention.

After all, a global lithium shortage plagues the consumer electronics market. Expect this development to become a major issue when EV penetration grows over the next few years.

Related Articles

• Tesla Slashes Prices as Tax Credit Halves

• Nevada Clean Energy Plan Approved

• Global Lithium Market for Batteries to Double

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 Responds to Government of Canada Critical Minerals AnnouncementNovember 4, 2022 - 4:30 am
  • Ultra Lithium Inc. Provides Update On Yahua InvestmentOctober 13, 2022 - 4:30 am
  • Ultra Lithium Completes 3,500 Meters Drilling To Date At Forgan Lake And Georgia Lake Lithium Properties Northwestern Ontario Intersecting Lithium Pegmatites With Widths Up To 15 MetersOctober 11, 2022 - 4:00 pm
  • Ultra Lithium Inc. Closes Private PlacementOctober 7, 2022 - 5:00 pm
  • Ultra Lithium Announces Private PlacementSeptember 8, 2022 - 4:30 am

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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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Norway EV Sales Lead World in 2018Norway EV SalesGerman lithium investmentGerman Lithium Investment in South America
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