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
VW Secures

VW Secures Lithium Supply for 10+ Years

April 8, 2019/in In the News/by Gray Leigh

Mineral Grows in Value as VW Secures Long-Term Supply

Global transportation is electrifying. Consequently, both automakers and governments lean heavily on lithium-ion batteries. With no alternative in sight, producers spend billions on R&D technologies exploring the technology. As a result, it is paramount to secure the minerals that power Li-Ion batteries. Evidently, a German behemoth is aware, as VW secures a steady lithium supply with Ganfeng Lithium.

READ: Lithium Battery Price to Fall, Use to Rise by 2025

Ultimately, the firm has ambitious plans for its electric fleet. It plans to release 70 electric models by 2028. This is across the 12 brands that fall under the Volkswagen umbrella.

Additionally, there is financial pressure on the company to go electric. With EU fines piling up, it needs to sell 22 million EVs in the next decade to stay in the green.

vw secures

Emerging from the Shadows of “Dieselgate”

These fines are the result of the now infamous “Dieselgate” scandal. As a result, the company faces an ongoing PR nightmare. To keep its brand intact, the company has embraced an eco-friendly bend. Granted, it’s not the only major automaker to do so.

The firm signed a 10-year deal with Ganfeng Lithium. The Chinese supplier agreed to a Memorandum of Understanding with VW.

Major Automakers Lean on Lithium

Admittedly, Volkswagen’s ambitions to emerge from the scandal unscathed are admirable. Moreover, its plan to save its image AND become a leading EV supplier is applaudable.

VW SecuresHowever, these ambitious will force the company to push the limits of what Li-Ion batteries are capable of. It will need to invest heavily in R&D projects exploring the technology. Similarly, it’ll need to patent ways to bend and mold batteries for unique energy storage solutions.

Although lithium’s an abundant mineral, mining projects are few and far between. Consequently, as VW secures a decade-long supply, it’ll be counted on to pioneer Li-Ion battery innovations.

That, or risk the financial consequences.

Related Articles

Chinese Property Developer Enters EV Space

EV Adoption Influenced by Social Groups

Lithium-Ion Battery Breakthrough at Penn State

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).

Share this entry
  • Share on Facebook
  • Share on Twitter
  • Share on LinkedIn
You might also like
electric road trip Electric Road Trip to Span Continent
battery storage Ultra Lithium Appoints New Technical Advisor
Green New Deal Green New Deal A Boon for Li-Ion Battery Use
Ultra Lithium Acquires Forgan Lake Lithium Property in Northwestern Ontario
electric Mazda Electric Mazda to Hit Market in 2020
peak-hour charging Peak-Hour Charging a Norwegian Problem
battery storage Battery Storage Systems Replace Gas Plants
battery storage Rock Tech Lithium Inc Grants Ultra Lithium An Exclusive Right To Purchase The Georgia Lake Lithium Project

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

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.

EVs Outsell Gas-Powered Cars in NorwayEVs OutsellEuropean Lithium-Ion Plants Get Billions In Funding
Scroll to top