Canada Lithium / Car Battery Sales

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CLQ :

TSX : $0.91

While Telsa (TSLA) founder Elon Musk and the New York Times (NYT) continue their “Battle Royale” over a recent negative review of the Telsa Model S, Japanese consumers continue their aggressive uptake of hybrid and plug-in electric vehicles in the first 10 months of 2012.

For the period, automakers in Japan sold a total 789,267 hybrid and plug-in electric vehicles. Leading the sales charge was Toyota (TM), who sold 219,824 of its Aqua Hybrid model and 161,184 of its Prius Hybrid model in 2012. Honda Motors’ (HMC) Hybrid Fit also racked up solid sales, with consumers buying 107,244 for the year.

So while supporters and haters of plug-in electric vehicles continue it their embarrassing public exchange, consumer continue their acceptance of hybrids and growing acceptance of plug-in electric vehicles. With the majority of analyst paying attention to North American hybrid auto sales, which totalled 434,498 for 2012, the lithium industry is paying much more attention to Asian Hybrid and Plug-In electric sales.

Canada Lithium, which is entering the sweet spot as the soon-to-be and only North American publically-listed pure-play lithium producer, recently announced that commissioning of the mineral processing sections of the process plant, at the company’s Quebec Lithium Project, continues as scheduled with spodumene production being achieved on a regular basis and final electrical work and software programming being undertaken on the lithium carbonate circuits. CLQ continues to expect first shipment of lithium carbonate by end-March 2013. 

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