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ev assembly

EV Assembly: Building Cars like iPhones

Chinese Startup thinks EV Assembly Process should Mimic iPhone’s

There are many reasons Apple is the world’s first trillion-dollar company. Indeed, its (incredibly) loyal fanbase was earned by championing innovation as a founding pillar. Consequently, the way iPhones are made follows this principle. As a result, an EV assembly startup tries to replicate how Apple creates its iPhones – but for the plug-in auto market.

READ: Electric Vehicle Bubble Grows in China

Currently, nearly 500 automakers jostle for positioning in China’s cluttered EV market. Nevertheless, NIO believes it can gain a leg up on the competition with a fresh manufacturing approach.

As government subsidies for Chinese EV manufacturers end in 2020, NIO believes it can speed up the supply chain component of the manufacturing process.

Innovation a Competitive Advantage

ev assemblyAfter all, “Apple has iPhones but it doesn’t make them, yet Apple has the best manufacturing capabilities.” This quote from NIO co-founder Qin Lihong speaks volumes about his company’s direction.

He wants clients (EV brands) to focus on all other aspects of their operations. Ultimately, he wants NIO to be the go-to supply chain master for plug-in car brands.

Indeed, Qin and co. are in an enviable position. Currently, government policy restricts home-grown EV startups from manufacturing their own products.

China Looks to Dominate Global Electric Car Industry

ev assemblyGetting a license has become nearly impossible. As a result, the EV assembly market is very small – and lucrative for those already active.

This comes at a time when China’s EV industry leads the world. Granted, the gas-powered market is led by firms from countries like Japan and Germany.

Meanwhile, China believes it could become the world’s most trusted EV exporter.

For this to happen, innovators like NIO are essential. After all, China has a greater incentive than most to adopt clean energy transportation.

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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 holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

Ultra Lithium Diversifies Into Gold with the Acquisition of Three Gold Exploration Licenses

Ultra Lithium Inc. (TSX-V:ULI, OTCQB: ULTXF and Frankfurt: QFB) announced the Company has acquired three gold exploration licenses in the Chepes Area located in La Rioja Province, Argentina. The exploration Licenses:ULTRA I, ULTRA II and ULTRA III covering 27,900 hectares land were acquired by direct staking through Ultra Argentina SRL, a wholly owned subsidiary of Ultra Lithium Inc. The property surrounds a number of historical producing gold mines and is considered a favourable area for the successful discovery of gold.

Ultra Lithium’s Diversification Program
“While continuing exploration and development of our lithium projects in Canada and Argentina, the Company has developed a well-planned diversification strategy for gold projects. The acquisition of three new gold exploration licenses is our first step in this direction,” stated Dr. Weiguo Lang, CEO of UltraLithium. “The Company’s strong presence in Argentina has enabled us to acquire this large gold exploration property covering 27,900 hectares and continue to expand our gold assets through acquisitions.”

Three Mining Licences in Historical Gold Mining Area
The Chepes area has several historical gold mines and the area contains prospective quartz veins in shear hosted granodiorite rocks of early Paleozoic age. These gold veins have been mined for over one hundred years. In 1993, Japan International Cooperation Agency (JICA) studied this area and provided information on 30 different gold mineralization locations and historical mines. JICA conducted geological mapping, surface sampling, ground geophysical surveys, as well as some drilling in the Chepes Area. Based on this historical data, the Ultra Lithium team is currently compiling historical geological and exploration information to develop future work programs on the three new exploration licenses.

Geologically, the gold exploration area is underlain by tonalite, granodiorite, migmatites and amphibolite rocks of Precambrian to Paleozoic age. Gold mineralization is typically associated with epithermal style shear hosted quartz veins. Mineralization is in the form of alteration zones of hematite, limonite, pyrite, chalcopyrite, goethite and galena with occasional free gold.

CAUTIONARY NOTE: The historical information presented above was sourced fromthe JICA Report entitled, “Informe Sobre Exploracion de Minerales del Area Oeste de la Republica Argentina, Fase II” (March 1994). It is relevant for the further exploration of the project, which the Company intends to undertake in the future. A qualified person has not completed sufficient work to verify the results and the foregoing is presented for informational purposes only and should not be relied upon.

Qualified Person
The technical information contained in this news release has been reviewed and approved by Afzaal Pirzada, P.Geo., a qualified person, as defined by NI 43-101 who works as Vice President Exploration of the Company.

About Ultra Lithium Inc.
Ultra Lithium is an exploration and development company with a focus on the acquisition and development of lithium assets. The Company currently holds five brine lithium properties in Argentina, and two hard rock spodumene type lithium properties in the Georgia Lake area in northwestern Ontario, Canada. As of June 2019, Ultra Lithium has diversified its portfolio by adding three gold exploration licenses in Argentina.

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 holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

Ultra Lithium Diversifies with the Acquisition of Three Gold Exploration Licenses in Argentina

Vancouver, BC – Ultra Lithium Inc. (TSX-V:ULI, OTCQB: ULTXF and Frankfurt: QFB) announced today the Company has acquired three gold exploration licenses in the Chepes Area located in La Rioja Province, Argentina. The exploration Licenses:ULTRA I, ULTRA II and ULTRA III covering 27,900 hectares land were acquired by direct staking through Ultra Argentina SRL, a wholly owned subsidiary of Ultra Lithium Inc. The property surrounds a number of historical producing gold mines and is considered a favourable area for the successful discovery of gold.

Ultra Lithium’s Diversification Program
“While continuing exploration and development of our lithium projects in Canada and Argentina, the Company has developed a well-planned diversification strategy for gold projects. The acquisition of three new gold exploration licenses is our first step in this direction,” stated Dr. Weiguo Lang, CEO of UltraLithium. “The Company’s strong presence in Argentina has enabled us to acquire this large gold exploration property covering 27,900 hectares and continue to expand our gold assets through acquisitions.”

Governor Sergio Casas of La Rioja meets with Ultra Lithium team

Three Mining Licences in Historical Gold Mining Area
The Chepes area has several historical gold mines and the area contains prospective quartz veins in shear hosted granodiorite rocks of early Paleozoic age. These gold veins have been mined for over one hundred years. In 1993, Japan International Cooperation Agency (JICA) studied this area and provided information on 30 different gold mineralization locations and historical mines. JICA conducted geological mapping, surface sampling, ground geophysical surveys, as well as some drilling in the Chepes Area. Based on this historical data, the Ultra Lithium team is currently compiling historical geological and exploration information to develop future work programs on the three new exploration licenses.

Geologically, the gold exploration area is underlain by tonalite, granodiorite, migmatites and amphibolite rocks of Precambrian to Paleozoic age. Gold mineralization is typically associated with epithermal style shear hosted quartz veins. Mineralization is in the form of alteration zones of hematite, limonite, pyrite, chalcopyrite, goethite and galena with occasional free gold.

Old gold mine works with mine tailings in the foreground

Local newspapers reported on Governor Sergio Casas of La Rioja’s meeting with the Ultra Lithium team

CAUTIONARY NOTE: The historical information presented above was sourced fromthe JICA Report entitled, “Informe Sobre Exploracion de Minerales del Area Oeste de la Republica Argentina, Fase II” (March 1994). It is relevant for the further exploration of the project, which the Company intends to undertake in the future. A qualified person has not completed sufficient work to verify the results and the foregoing is presented for informational purposes only and should not be relied upon.

Qualified Person
The technical information contained in this news release has been reviewed and approved by Afzaal Pirzada, P.Geo., a qualified person, as defined by NI 43-101 who works as Vice President Exploration of the Company.

About Ultra Lithium Inc.
Ultra Lithium is an exploration and development company with a focus on the acquisition and development of lithium assets. The Company currently holds five brine lithium properties in Argentina, and two hard rock spodumene type lithium properties in the Georgia Lake area in northwestern Ontario, Canada. As of June 2019, Ultra Lithium has diversified its portfolio by adding three gold exploration licenses in Argentina.

On behalf of the Board of Directors
Kiki Smith, CFO

For further information, please contact:
Kiki Smith, CFO
T: +1-778-968-1176
F: +1-604-909-4682
E: kiki@ultralithium.com
W: www.ultralithium.com
Or view the Company’s filings at www.sedar.com

Cautionary Statement Regarding “Forward-Looking” Information
Some of the statements contained in this press release are forward-looking statements and information within the meaning of applicable securities laws. Forward-looking statements and information can be identified by the use of words such as “plans”, “expects”, “intends”, “is expected”, “potential”, “suggests” or variations of such words or phrases, or statements that certain actions, events or results “may”, “could”, “should”, “would”, “might” or “will” be taken, occur or be achieved. Forward-looking statements and information are not historical facts and are subject to a number of risks and uncertainties beyond the Company’s control. Actual results and developments are likely to differ and may differ materially, from those expressed or implied by the forward-looking statements contained in this news release. Accordingly, readers should not place undue reliance on forward-looking statements. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statements, except as may be required by law.

Neither TSX Venture Exchange nor its Regulations Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

electric car survey

Electric Car Survey: 52% of Canadians to Go Green

Electric Car Survey Reveals 52% of Canadians will Buy Electric in Next 5 Years

The transportation landscape quickly changes. Indeed, bikes and carshares take up a greater market share in cities. However, the greatest impact is on private transportation, as electric vehicles popularize. Consequently, this transition will continue to increase. A recent electric car survey confirms this, revealing that most Canadians plan to purchase EVs in the near future.

READ: Driver Survey: 75% of Americans want EVs

However, electric vehicles are still few and far between. Granted, the occasional Tesla or Nissan Leaf can be spotted on city streets. Nevertheless, their presence in urban cities normalizes, even though just 3% of US auto sales are electric. Canadians have vowed to surpass this target – if they could.

Price to Decrease – with Time

electric car surveyRegrettably, clean energy vehicles are prohibitively expensive for most Canadians. As a result, families are forced to stick with gas-powered cars. After all, no affordable electric SUVs have hit the market – yet.

Nevertheless, the average price will drop in time. Currently, most of the world’s largest automakers have announced plans for EV fleets. Volkswagen’s even stated that failing to go green would spell financial ruin.

However, a lot must change for 52% of Canadians to buy electric in 5 years. As indicated by the electric car survey, there are many issues to address. Firstly, the storage capacity of the lithium-ion batteries that power EVs must increase. Granted, this is happening. Most of the newer models can travel 300 miles on a single charge.

Lithium-Ion Spearheads Emission-Free Movement

electric car surveySecondly, charging station access must improve. Much like the battery range issue, this is also being tackled. Google recently included charging stations to their Maps app. Now, users can see which charging stations are vacant.

However, most long-term EV owners don’t bother visiting fast-charging stations. Instead, they prefer to charge at home. Granted, it takes longer, but habits are changing. Owners get in the habit of remembering they can charge overnight.

Ultimately, these issues revolve around lithium-ion batteries. Furthermore, a solution to climate change goes through this technology.

If 52% of Canadians actually buy electric within the next 5 years, it will go a long way in reversing the greenhouse effect. However, this will open happen if Li-Ion tech continues to advance.

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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).

electric airplane

Electric Airplane to Own Norwegian Skies by 2040

The Electric Airplane and the Future of Norwegian Aviation

It’s common knowledge the transportation industry is largely responsible for the greenhouse effect. However, it’s not just land travel that’s to blame. Indeed, one intercontinental flight emits 1/5th the amount of carbon your car releases into the atmosphere over 1 year. As a result, the electric airplane will soon become a staple of air travel.

READ: Lithium Powered Planes Incoming

In particular, Norway champions the idea. Ultimately, the government plans to eliminate carbon emissions from air travel by 2040.

Norway is a large country that uses air travel to transport a great deal of cargo domestically. Incidentally, it’s also a hotbed of clean energy innovation.

“More Sustainable than Road and Rail”

electric airplaneToday, most vehicles bought in the Scandinavian country are powered by lithium-ion batteries. As a result, Norway is the envy of the clean energy world.

In keeping with this identity, Norwegian airport group Avinor takes inspiration from sustainable NASA experiments to facilitate emission-free air travel.

Ultimately, the group aims to provide charging infrastructure for planes at airports. However, it will not develop its own electric plane. Nevertheless, the group’s carbon reduction plan believes aviation can soon be “more sustainable that road and rail.”

Global Shift to Li-Ion

electric airplaneMany people have boycotted air travel in response to the industry’s climate impact. As a result, consumer behavior is sure to bring about the electric airplane.

Today, several test cases have surfaced. EasyJet plans to use planes powered by lithium-ion batteries to ferry passengers between London and Amsterdam. This would go a long way, as it’s the most frequented flight path in the world.

Additionally, most automakers and governments are also on board. Granted, their focus doesn’t extend to the sky.

For now, the electric airplane hinges on pioneering nations like Norway.

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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 holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

record deliveries

Record Deliveries for Tesla on Horizon

Quarter could see Record Deliveries for Tesla

Tesla is constantly in and out of the news. Consequently, their stock price follows suit, going up and down with the latest Elon Musk tweet. However, some good news left the co-founder’s outbox recently. He projects record deliveries in this quarter for the automaker.

READ: Tesla Profitable: Good News for Electric Car Industry

In a late-night company email, the South African billionaire expressed confidence in Tesla’s direction. Not surprisingly, its contents leaked to the public.

Granted, there are reports the company loses more money than it makes. Nevertheless, news of record deliveries is sure to revitalize employee morale.

record deliveries

1,000 Model 3’s Per Day

More importantly, these words should spark the same feeling among investors. Its previous delivery record was 90,000 cars in Q4 2018.

However, total deliveries dropped to 63,000 in Q1 2019. Ultimately, this led to a $702 million loss over this period.

Consequently, Musk has set a lofty goal for the company. “In order to achieve this [record], we need sustained output of 1,000 Model 3’s per day.”

 

Big Players Threaten Tesla’s Market Dominance

record deliveriesRealistic or not, Musk’s ambitious play comes at a time of uncertainty for the EV titan.

Currently, most of the world’s largest automakers have announced electric fleet plans. General Motors, Honda, Volkswagen and every brand in between is on board.

As a result, Tesla’s market dominance is under threat. Nevertheless, increased competition in the sector is sure to benefit consumers.

Currently, the Model 3 is the world’s best-selling vehicle. Tesla’s survival hinges on how long this can last.

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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 holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

 

 

Norway Auto

Norway Auto: How it Became the Global EV Leader

How Norway Auto Laps the Clean Energy Field

Per Capita, ‘the land of the midnight sun’ has more electric cars than anywhere else. Indeed, it wasn’t always like this. After all, Norway’s primary export is oil. Regardless, the story of how Norway auto leads the global clean energy push contains surprises.

READ: EVs Outsell Gas-Powered Cars in Norway

Most would suggest the country is full of eco-conscious pioneers. Similarly, even more would suggest the Scandinavian nation buys electric for the sake of future generations.

Instead, the reasoning is much more grounded. After all, there are greater purchase incentives than the wellbeing of future generations. Albeit, regrettably so.

A Powerful Incentive

Norway AutoGranted, the Norwegian government is understandably motivated by this altruistic goal. It’s priced the oil it produces out of its own market. Indeed, Norwegian oil is prohibitively expensive for Norwegians to use.

Evidently, its citizens aren’t motivated by the environment when buying a Tesla. Instead, they think of the almighty dollar.

The Norwegian government has introduced a tax scheme that pushes consumers towards electric cars. Ultimately, this explains how Norway achieved such impressive EV adoption rates. Going green keeps consumers in the green.

A Model to Learn From

Norway AutoNorway’s success hinges on a combination of shrewd government policy and buy-in among automakers. Consequently, automakers love doing business in Scandinavia.

After all, most of the largest producers have announced ambitious EV plans. Almost every industry player – from Volkswagen to General Motors – has gone green. Moreover, the former suggests that failing to do so spells financial ruin.

Norway’s market success offers a model for other governments to follow. Granted, the country’s small population and substantial GDP is a privilege.

Nevertheless, its success will provide valuable insights to larger markets. India and China, take notice.

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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).

lithium battery AI

Lithium Battery AI Accurately Predicts Lifespan

Lithium Battery AI to Uncover Cheaper, Quicker Models

Researchers have used machine learning to predict a lithium-ion battery’s lifespan. Granted, the test was correct just 91% of the time. Nevertheless, the implications are massive. Lithium battery AI could greatly improve how we manage and store energy.

READ: Lithium Battery Capacity Worldwide Doubles in 1 Year

After all, your smartphone isn’t the only device using a lithium-ion battery. Most notably, electric vehicles rely on the technology.

Furthermore, Li-Ion grid storage projects grow in popularity. Currently, over 2 million people in India get their power from Li-Ion batteries.

Massive Energy Implications

lithium battery AIObviously, Li-Ion battery cells degrade over time. Your phone’s battery lasts roughly 500 cycles. One cycle is from 0-100% battery capacity and back again.

Consequently, knowing how many cycles your battery will last would save you money. After all, no one likes replacing their phone’s battery.

Now, consider how much an electric car owner could save? Featuring representatives from MIT, Toyota, and Berkeley, a team of researchers has applied AI to this nagging problem.

 

The Experiment

lithium battery AIFirstly, the team repeatedly drained and charged 124 Li-Ion batteries. Over this time, they tracked battery capacity during each cycle.

Ultimately, they created a data set of over 90,000 cycles. Using a battery’s voltage levels, they could predict its lifespan. Additionally, results from the first 5 cycles of each battery revealed a long or short lifespan. This was to 95% accuracy.

Granted, this study was done in a controlled environment. Furthermore, it was on a relatively small scale.

Nevertheless, it will have an impact on future clean energy initiatives. As billions pour into programs like these, lithium battery AI will soon increase your Tesla’s lifespan.

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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 holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

Data cars

Data Cars and the Self-Driving Revolution

‘Data Cars’ Gather Info on Drivers

Today’s cars are smart. Consequently, the self-driving industry sees various high-profile players enter the automated ring. However, there’s no telling how long it takes driverless tech to take off. Nevertheless, your ride is able to gather information on you with ease. Indeed, ‘data cars’ know more about you than your best friend.

READ: Self-Driving Tesla Vehicles “To Accelerate”

This involves everything from driving habits to musical preferences. Furthermore, data cars know if you’ve been gaining or losing weight. Granted, this shouldn’t come as a surprise. After all, modern vehicles are completely digitized. Need proof? Most new models can park themselves.

Electric Cars Better Suited to Auto’s ‘Digital Era’

Data carsEvidently, GPS technology is a wonderful thing. Although marketers can use the info your car gathers, there are many benefits to data cars.

Case in point: digital interfaces that let drivers know more about their cars than ever before. Furthermore, rideshare apps like Car2Go wouldn’t be possible without digital integration. There’s a reason infrequent drivers find them easy to use.

Ultimately, data cars aren’t going away. Instead, they’re becoming sophisticated, able to optimize our trips to work with staggering efficiency. However, it’s unlikely your first self-driving car will run on gas.

Alternately, electric cars are better suited to self-driving software. These computers speak easily with electric engines.

Automakers Invest in Autonomous Tech

Data carsMoreover, EVs store energy in lithium-ion batteries. Digital tech has a history with this energy source, in smartphones and laptops.

Consequently, the electric car and self-driving revolutions go hand-in-hand. What’s more: automakers have taken notice.

General Motors, Tesla, and Apple have all acquired driverless startups. Furthermore, the auto industry has shifted green. Every major player – including Harley-Davidson and Dyson(?) – has announced EV plans.

You may think your car’s smart now. Evidently, it’s IQ pales in comparison to what’s to come.

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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 holdings in Argentina, Canada and the US (TSX-V: ULI, OTCQB: ULTXF and Frankfurt: QFB).

American grid storage

American Grid Storage Market to Lead World

American Grid Storage Demand to Surpass S. Korea

These days, the world sources energy from new methods. Evidently, many of them are innovative solutions to complex problems. Case in point: grid storage applications. Using lithium-ion batteries, this method is increasingly used to provide power to large areas. On a global scale, the American grid storage market leads in 2019.

READ: Italy Grid Storage Sector to Expand

This is promising for American clean energy advocates. After all, traditional energy methods aren’t exactly environmental darlings.

As Li-Ion battery technology advances, these installations become more powerful. Currently, over 2 million residents in India get their power this way.

Increased Capacity Needs Drive Demand

American grid storageUltimately, the American grid storage market will surpass South Korea’s. Last year’s leader, the Asian country drove grid storage deployments in the first half of 2018. Now, deployments stagnate.

Meanwhile, American projects increased by just 22% over this time period. However, US grid storage projects will double this year. It will jump from 376 to 712MW.

Most of these projects are paired with solar-power systems. Evidently, most interest comes from states who get ample sunshine. Currently, most projects are planned for Arizona, California, and Hawaii.

Global Energy Demands Change

American grid storageFederal policies back sector growth. Indeed, the investment tax credit (ITC) provides incentives for states to develop solar energy storage solutions.

Consequently, the lithium battery market benefits. After all, solar grids need them to store power.

As a result, both private and public sector entities target South American lithium mining operations. Automakers need lithium to power their massive electric vehicle fleets. Furthermore, the rise of the American grid storage market suggests a gradual shift away from fossil fuels and nuclear energy.

Granted, America’s transition to clean energy is slow. Nevertheless, it is happening.

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South Korean Lithium Demand Increases

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).