China is undergoing a green energy revolution and lithium will play a significant role in helping China reduce greenhouse gases and emissions.
Lithium Energy Products. (LEP.V) is a Canadian junior exploration company publicly traded on the Venture Exchange.
The company is focused on developing lithium properties in the USA.
Our market focus is China, where there is a green revolution taking place. Already China leads the world in sales of electric vehicles.
Sales of battery grade lithium carbonate and hydroxide to China are, according Mining.com, growing at a compound annual growth rate (CAGR) of 50%, driven primarily by sales of Electric Vehicles (EVs)
Lithium Ion Batteries (LIBs) in China are at the confluence of two very strong and deep-seated goals of Chinese policy makers. The first goal is to reduce pollution across China, and one part of this goal includes reducing pollution from motor vehicles. The other is the stated goal of the Chinese government to move manufacturing in China up the value-chain: from low-cost, low-tech products to products that require higher levels of skill and technology to produce.
One of the 10 industries mentioned in the Made-in-China 2025 Program – a policy that outlined the sectors targeted for a manufacturing upgrade – is new-energy vehicles and equipment, the former is a main downstream market of the LIB manufacturing industry. The figures show how this policy has been put into practice: the EV sector has grown from having a 10% revenue market share in 2011 to having a 34% share in 2015, making it the largest single downstream sector of LIBs in China.