In 72 hours Volkswagen will make an Electric Announcement
Published 12-MAR-2021 16:26 P.M.
|
3 minute read
Electric car maker Tesla is valued at $US675 billion and is the success story of a generation.
Every year founder Elon Musk hosts "Tesla Battery Day", where he announces all the plans Tesla has for the next year.
Last time Musk announced Tesla’s plans around battery metals like lithium and manganese, our battery metals investments surged.
Volkswagen Group (VW) is by far the biggest automaker in Europe and the biggest in the world, manufacturing over 10 million cars per year.
Not to be outdone... and possibly in response to Tesla’s Battery day, VW is holding its first ever "VW Power Day" scheduled for 15 March at 1PM Central European Time, which is 10PM AEST.
This is huge news for a traditional ‘petrol engine’ automaker and another clear signal that electric vehicles are the future.
VW has been making noise about going big into electric cars – they quietly held an "Electrification Summit" in January and last week accelerated their EV deadlines:
Building batteries and capturing the full EV value chain
In just 72 hours from now at "Power Day", it is expected that VW will announce some interesting plans.
Key things to know:
- VW is the biggest carmaker in Europe and the world.
- Europe is the fastest mover in the global shift to electric vehicles.
- Europe has new laws to secure supply chains within its border.
- VW will need a lot of battery metals over the next 10 years.
- Manganese is crucial battery metal – and the EU has no local supply.
- Lithium price has doubled in the last three months – and was up 20% in the last 24 hours.
Here are our three current investments in battery metals in Europe, that we think will benefit from VW’s Power Day announcements:
ASX:EMN, High Purity Manganese, Czech Republic
Euro Manganese Inc. (ASX:EMN) is developing a new high purity manganese project in the Czech Republic.
EMN is right on the doorsteps of multiple battery makers’ European factories in the world’s fastest growing battery and EV market.
Manganese is a critical ingredient in cathodes and was mentioned by Elon Musk late last year.
- Initiation Report: EMN Developing Battery Grade Manganese Supply
- Latest update: EMN receives support from EU backed organisation to accelerate development
ASX:EMH, Hard Rock Lithium, Czech Republic
European Metals Holdings Ltd (ASX:EMH) is developing the largest hard rock lithium resource in the European Union and is racing to become the first local EU battery grade lithium producer to deliver to an emerging local industry.
- Initiation report: EMH is Leading the Pack to be the First Local EU Lithium Producer
ASX:VUL, Zero Carbon Lithium, Germany
Vulcan Energy Resources (ASX:VUL) has developed the world’s first and only Zero CarbonR lithium process and plans to produce battery-grade lithium hydroxide from geothermal brines pumped from wells with a renewable geothermal energy by-product.
- Initiation report: World’s First Zero Carbon Lithium Project
- Latest report: Vulcan on track to deliver word's first Zero Carbon Lithium project
We will be watching VW Power Day and will bring you a full analysis on any news that is released that might benefit our battery metals investments next week.
General Information Only
S3 Consortium Pty Ltd (S3, ‘we’, ‘us’, ‘our’) (CAR No. 433913) is a corporate authorised representative of LeMessurier Securities Pty Ltd (AFSL No. 296877). The information contained in this article is general information and is for informational purposes only. Any advice is general advice only. Any advice contained in this article does not constitute personal advice and S3 has not taken into consideration your personal objectives, financial situation or needs. Please seek your own independent professional advice before making any financial investment decision. Those persons acting upon information contained in this article do so entirely at their own risk.
Conflicts of Interest Notice
S3 and its associated entities may hold investments in companies featured in its articles, including through being paid in the securities of the companies we provide commentary on. We disclose the securities held in relation to a particular company that we provide commentary on. Refer to our Disclosure Policy for information on our self-imposed trading blackouts, hold conditions and de-risking (sell conditions) which seek to mitigate against any potential conflicts of interest.
Publication Notice and Disclaimer
The information contained in this article is current as at the publication date. At the time of publishing, the information contained in this article is based on sources which are available in the public domain that we consider to be reliable, and our own analysis of those sources. The views of the author may not reflect the views of the AFSL holder. Any decision by you to purchase securities in the companies featured in this article should be done so after you have sought your own independent professional advice regarding this information and made your own inquiries as to the validity of any information in this article.
Any forward-looking statements contained in this article are not guarantees or predictions of future performance, and involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, and which may cause actual results or performance of companies featured to differ materially from those expressed in the statements contained in this article. S3 cannot and does not give any assurance that the results or performance expressed or implied by any forward-looking statements contained in this article will actually occur and readers are cautioned not to put undue reliance on forward-looking statements.
This article may include references to our past investing performance. Past performance is not a reliable indicator of our future investing performance.
